The Blockchain Trilemma

Gonna wear a Venice AI shirt to the MetaDAO Owners Meeting in San Francisco this week.

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Come for the memecoins, graduate to the RWAs, stay for the cypherpunk assets. Solana

America’s next great export will be financial ownership. - Stablecoins onchain export American currency - Tokenized stocks onchain export American capitalism - RWAs onchain export U.S. Treasuries, credit, real estate, and bonds Crypto turns that global demand into 24/7 markets.

Excited to continue backing @openacti1 in their new seed round! We initially invested in @callmeyoung93 and team when they joined Colosseum's 3rd accelerator cohort after being selected as a winner of our Breakout hackathon.

Maybe contrarian, but businesses like Hyperliquid shouldn't be buying back and burning their token (yet). They should reinvest the capital back into product, distribution, etc. to enterprise valuemaxx. The best outcome for HYPE holders is for Hyperliquid to grow much larger.

Increase Redundancy Lower Bills 📼

- Improved tokenomics coming soon - New ATH in total network txns - Largest hackathon in the world via @colosseum - Anza IBRLing - Onchain RWAs via Backpack, Sunrise, etc. hitting ATH - Most liquid spot DEX markets - solana:So11111111111111111111111111111111111111112 bouncing the hardest off the bottom - @blknoiz06 bull tweeting like a madman Solana's death was greatly exaggerated.

Last thing I’ll say on the Venice Grass token debate today. It appears both teams are well-intentioned and are building good businesses. But the current dual token equity paradigm is, at best, too risky for the largest pools of capital to underwrite. Fundamentally, the structure creates a misalignment between token holders and equity holders. Which is why crypto VCs will always require founders to give them both. That misalignment is one of the biggest reasons a massive amount of liquidity and institutional capital has not entered liquid crypto markets. Why did the U.S.A become home to the largest capital markets during the 20th century? A primary reason was that investors globally knew when they bought a US-sourced asset, there was rule of law protecting ownership and ensuring value accrued to the asset they held. Until crypto resolves the dual-structure problem, by choosing either token or equity as the singular economic unit of a business, the crypto industry will be stunted.

Some other examples of this happening for other crypto products: x.com/mattytay/status/204552…

Finding PMF in crypto is often about surviving long enough for the world to change in a way that suddenly makes your product feel obvious. Venice AI is the culmination of the broken dual token equity model, and another example yet of why MetaDAO exists and will flourish.

Hal Finney is rolling over in his cryopreservation chamber.

Gm from Los Angeles, California, USA.

The last major keyboard moment was in 2007, when Apple put the keyboard on glass. Nearly 20 years later, we're introducing: Acti @openacti1, the Agentic Keyboard. Not another AI keyboard that fixes grammar. Not another voice keyboard that types faster. An invisible agent in every text field. It doesn't predict your next word. It takes your next action. 👇

The Colosseum flywheel is spinning red hot right now. 🔥

Those are all important categories, and @Solana is well positioned to win them, with elite teams attacking each from every angle. But one vertical matters more than all the rest in the 21st century: the market for the world’s dominant non-sovereign SoV MoE. Long term, the entire DeFi ecosystem will converge and grow on the network that SoV asset is natively issued and primarily traded. Most people are unaware that Solana is going to seriously compete within that vertical as well.

The arena continues to expand and become more competitive.

1/ Announcing Colosseum's 5th accelerator cohort, sourced from our Frontier Hackathon and rolling Eternal sprint! 🚀 @crowdbrainai @cesto_co @Peakstrade @my_mana_ (Formerly KinnectFi) @traded_gg @flovia402 @Senthosxyz @__Dropset__ @PlayWLS @rwaodl @housddotfinance @JKIndex_ @fraudsworth @clawpumptech @Rosentica (One Arena) @myStableCorp @SyndicateGameHQ @DashXHQ @NomuStores @LasoFinance @zonelessdev

Lo, memecoins bloom, then wither on the vine; But @Ore, once struck, outlives the jesting signs. Forsake the trenches, where false fortunes shine. Descend, good sirs, and enter thou the mines.

solana season