Personal essays on Web3 strategy, ecosystem bridges, and the patterns I see across 60+ portfolio companies. Distinct from my work on Forbes and Cointelegraph — closer, more current, more personal.
I've lived through enough Web3 cycles to see the same three patterns repeat. In 2026, two of them are running on schedule. The third has changed shape — and most of the market is still pricing the old version.
Decentralized AI talks a lot about compute and not enough about proof. Verifiable inference and zkML are the trust layer the category has been missing — and the protocols building it are the ones I'd back into 2027.
Intents quietly won the DeFi orderflow war. UniswapX, CoW, Across, 1inch Fusion route a majority of retail volume. The interesting question for 2026 isn't whether intents won — it's what compounds on top.
Two decentralized-AI founders in one week. Different categories, different traction, different teams. Same blind spot — the question neither could answer about model dependency.
Compute DePIN and telco DePIN look similar on a slide. The unit economics tell you they're two completely different businesses — and the winners, timelines, and capital needs don't compose.
Tokenized money-market funds quietly crossed $10B in 2026. The shift in what 'crypto rates' means — and what that does to stablecoins, treasuries, and DeFi yield — is the most underpriced story in RWA right now.
Four LP calls in five days. The questions allocators are asking in Q2 2026 are nothing like the ones from last spring. What's changed — and what it tells you about how Web3 capital is being underwritten now.
EigenLayer crossed $20B, then ate itself. The second act of restaking isn't a TVL race — it's a yield-attribution problem. The protocols I'm watching now look nothing like the ones that won the first.
The AI x Web3 thesis gets pitched as one trade. In 2026 it's three different markets with three different unit economics. I've been wrong about which one matters most — here's where I've landed.
I took three DePIN pitches in 72 hours. None of the decks looked alike. What they shared — and what I almost missed — is what I'm taking into next week's calls.
Tokenized real-world assets crossed $17B in early 2026. The three bridges that actually decide whether this becomes infrastructure or stays a press cycle are liquidity, regulation, and settlement — and only one is half-built.