This post explores daily price performance of public Web3 tokens compared to Ethereum (ETH). We estimate and analyze the Alpha and Beta of around 150 assets over four years, leading to some key insights:

In 2023 and 2024, airdrop hunting has become a popular activity among crypto enthusiasts. Social media is abuzz with influencers promoting new opportunities. Automated bots and even dedicated funds for airdrop farming have emerged. Recent large airdrops like Starknet and Eigenlayer have sparked controversy over their distribution choices among disgruntled users.

Points programs are the new meta in crypto. Points were pioneered by the NFT marketplace Blur and used by major projects from Friend.tech to Eigenlayer. In a nutshell, points are loyalty scores designed to encourage usage, usually stored off-chain. Points are non-transferrable and are issued entirely at the discretion of the project. On a first glance, they seem similar to traditional loyalty schemes from airline miles to retailer loyalty points.

Web3 Social has the potential to radically expand crypto/Web3’s user base and application space, while fixing some of the major problems with current social media.

Liquid staking protocols have emerged as a transformative force in DeFi and Web3 at large, unlocking liquidity for Proof-of-Stake (PoS) tokens used to secure blockchains, such as Ethereum. By depositing PoS tokens into a staking contract through a protocol, users receive Liquid Staking Tokens (LSTs), which represent a claim on the staked and otherwise usually locked tokens. These original tokens can be withdrawn by burning an equivalent amount of LSTs, and the primary advantage of LSTs lies in their liquidity and their ability to be reused or collateralized in other applications. Essentially, LSTs allow for the separation of work (node operators) and capital (liquid stakers) in the Ethereum space and thus allow for more optimal allocation of resources.

Hello world. Meet very early Ventures. In this post, we want to introduce you to our fund, its guiding principles, and our vision for the future of blockchain technology and the Web3 space.