1/ I’m proud to share that we’ve closed Reciprocal Ventures II, our second early-stage fund to continue backing the future of web3!

Here are a few theses w/ select examples that we’re actively investing in right now @ReciprocalVC 👇🧵

theblock.co/post/154743/ea… 2/ Web3 Protocol Stack:

We’ve been proponents of a web3-native stack since our ‘18 seed investments in @solana & @graphprotocol

We’re doubling down on this thesis as illustrated by investments in @BlockdaemonHQ, @ceramicnetwork, @SquadsProtocol

but we’re in early innings here

1/19 I'm excited to announce Reciprocal’s participation in @3boxlabs $30m Series A led by @multicoincap & @usv!

We believe @ceramicnetwork's decentralized data network will enable web3 apps to reach feature parity with web2 and is essential infra for #web3 mass adoption.

🧵⏳ 2/19 So what is @ceramicnetwork?

Ceramic decentralizes the app database, enabling web3 data to be composable with other datasets and reusable across multiple apps.

This enables devs to easily hook into a global, permissionless shared database of community-created data models

1/24 I’m excited to announce Reciprocal’s participation in The Graph’s $50m treasury sale led by Tiger Global!

We initially supported @graphprotocol in ‘18 and believe now more than ever that it's mission-critical #web3 infrastructure.

Here’s why we’re so bullish on $GRT 🧵⏳ 2/24 @graphprotocol improves the UX of web3.

The Graph solves what’s commonly referred to as the blockchain “read” problem, where the block-based data structure makes it difficult for dapps to query on-chain data in a fast and cost-effective manner…

Congrats to @FraktArt and @plsandtybased on selling out their mint today!!!

The first audio-visual #NFT mint on @solana and it was super smooooth. 🔊🖼️

Here are some of my favorites 😍

1/ Wild day yesterday in Solana-land, but the show goes on... and so does the data!

-Solana DAUs were up +53% W/W as #IGNITE hits its stride
-Inverse correlation between DAUs and Avg. Tx/DAU continued for @solana
-@arbitrum TVL up +176x W/W 🤯

https://twitter.com/therealchaseeb/status/1437894968996204544?s=20

2/ Solana outperformed on DAU growth this week, likely due to the #IGNITION hackathon kicking off; the rest of the space was relatively flat W/W:
$SOL - 2.06M (+53.79%)
$BSC - 991K (-3.69%)
$ETH - 514K (+6.20%)
$MATIC - 177K (+0.73%)