The Venture Codex Logo

The Venture Codex

Gnosis Chain

World Trade Center 6 Bayside Road, Gibraltar, GX11 1AA

Overview

In late 2020, Gnosis announced plans to fully decentralize into a DAO (Decentralized Autonomous Organization). Today, the GnosisDAO treasury has effective control of over 150K ETH and 8 Million GNO tokens, with the GNO tokens vested over 8 years. A year later, in 2021, the xDAI and GnosisDAO communities voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner companion that addresses scaling issues through solid engineering. Gnosis Chain is the associated execution-layer EVM chain for stable transactions. It uses the xDai token and includes a wide-ranging group of projects and users. The Gnosis mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. As a DAO, Gnosis uses the products that it creates to transparently guide decisions on the development, support, and governance of its ecosystem. Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs) are all products incubated by Gnosis. Their success is demonstrated by the recent spin-out of Cow Protocol and the formation of SafeDAO. By combining needs-driven development with deep technical expertise, Gnosis has built the decentralized infrastructure for the Ethereum ecosystem.

Total investments
1
Lead investments
1
Investments · 12mo
0
Active investors
6

Sector focus

  • Blockchain
  • Ethereum
  • FinTech
  • Prediction Markets
Visit website

Investment portfolio

  • Fileverse

    Led · Seed · Oct 2023

    Fileverse offers a decentralized file management and collaboration service positioning itself as an alternative to centralized providers like Google or Notion. The platform leverages smart contracts and stores encrypted data on the InterPlanetary File System (IPFS) to avoid reliance on a single server provider. Fileverse also built cryptographic measures to be GDPR-compliant by design. The company emphasizes privacy and aims to bring recent crypto infrastructure and account-abstraction advancements to on-chain communication and collaboration tools. Financially, Fileverse completed a $1.5 million pre-seed raise and previously secured roughly $280,000 in grants and donations from Gitcoin community members, Polygon, ENS, a16z, Filecoin, and Aurora. The investment occurred amid a broader crypto funding slowdown, with venture capital fundraising at a three-year low.

Team