Led · Equity · Mar 2024

Moondance Labs has developed Tanssi, an appchain infrastructure protocol that simplifies and accelerates deployment by transforming a connected chain into a modular appchain. Tanssi provides a developer-friendly, permissionless environment with essential infrastructural components to run a chain out of the box. Its features include a shared and decentralized network of block producers to ensure security and data retrievability. The protocol also offers integrations with bridges, wallets, block explorers, RPC endpoints, indexers, oracles, and other tooling. Led by CEO Francisco Agosti, the company plans to use the new funding to expand operations and development efforts. The company is based in Tortola in the British Virgin Islands.

Led · Seed · Jul 2023

Side Protocol is a distributed mesh liquidity system that utilises inter-blockchain asset exchange application protocols. The protocol aims to decentralise liquidity across diverse blockchain networks in a bridgeless manner while maintaining interconnectivity, positioning itself as an alternative to liquidity hubs. Its mesh liquidity network architecture is cited by investors as a source of recent significant interest. KR1 described Side Protocol as having ambitious plans to lead decentralised finance. KR1 invested US$300,000 into Side Protocol as part of the project's pre-seed funding round, alongside other prominent digital asset investors. The investment is presented as support for the team's next chapter.

Participated · Seed · Apr 2023

Avail operates a data availability network that helps blockchains store transaction and other information cheaply and in an easy-to-reference manner, particularly to support layer-2 rollup networks. Its technology offloads data from main chains, reducing burden and lowering costs for end-users. The company is building an Unification Layer, a modular stack combining data availability, aggregation, and shared security to enable modular blockchains to scale and interoperate permissionlessly and securely. Avail is also developing a Fusion Security layer intended to allow cryptocurrencies like ether (ETH) and bitcoin (BTC) to contribute to the ecosystem’s security; Fusion is expected to go live in early 2025. The new capital will be used to accelerate development, expand global presence, and address blockchain fragmentation, insufficient data availability, and limited scaling in Web3. Financially, Avail announced a $43M Series A and had disclosed a $27M seed round three months earlier. Avail is a Web3 modular blockchain services provider that aims to enable modular execution layers to scale and interoperate with minimal trust. The company focuses on simplifying the rollup experience and providing a unified, efficient platform for users and developers from any ecosystem. Its core offering targets modular execution and cross-ecosystem interoperability. Avail positions itself to reduce trust assumptions between layers while streamlining rollup integration. Financially, the company recently completed a $27 million seed funding round led by Founders Fund and Dragonfly.

Participated · Seed · Feb 2023

Superchain Network, which brands itself as the Open Index Protocol, is a decentralized indexer that organizes on-chain data and enables developers and users to access data in seconds. The platform aims to provide open, ownable data so users need not delegate custody or trust to centralized aggregators. Superchain says its approach differs from incumbents trying to decentralize Web2 APIs, enabling use cases it claims are not possible with GraphQL. The company is offering early access for market makers, quant traders, data scientists and dApp developers. Financially, Superchain has raised $4 million in a combined seed and pre-seed round. The funds will be used to build its decentralized blockchain data protocol.

Participated · Seed · Nov 2021

Zeitgeist is developing a prediction market protocol and app, aiming to be a leading prediction market ecosystem. The team prepared a Beta that used NFTs as entrance gateways and offered themed digital artwork to early supporters. Zeitgeist ran the Kusama Derby on its protocol and is set to deploy as a Kusama parachain after winning a slot auction. The project raised a 77,000 KSM crowdloan to secure the parachain slot and plans to finalize chain runtime before the public app launch. The company closed $14 million in funding and says proceeds will be used to hire talent and build infrastructure for its early 2022 launch. Advisors and strategic partners include experienced Web3 funds and figures such as Gavin Wood.