Max Mersch Profile picture
Co-founder & Partner @fabric_vc Backing the Open Economy: Sorare, Axie, Polkadot, Immutable, Blackpool, 1inch, TheGraph, Ramp, Near, Nansen, YGG, Angle & more..
Sep 17, 2020 8 tweets 3 min read
We're at the dawn of the Ownership Economy:

@UniswapProtocol - a 2 year old automated market maker on Ethereum - launched their $UNI token today.

They distributed 150m $UNI to their early users.

At $3/UNI, that's currently $450m airdropped to their most loyal userbase. 1/5 Uniswap currently does $400-500m in DAILY volume, which is north of $150b annualised.

0.30% fees go to liquidity providers and 0.05% will go to $UNI holders.

$434m in fees are paid to the Uniswap community on an annualised basis. 2/5
Oct 16, 2018 9 tweets 5 min read
Excited to publish the @fabric_vc Investment Thesis in this 2nd edition of the State of the Token Market Report!

fabric.vc/report

Investment Thesis: pages 28-44

@richardmuirhead @Anastasiya_B94 @JulienThevenard @maciejrymarz

⬇️ Core Arguments Below ⬇️ This movement is much more than just crypto - instead it’s a completely new wave of computing architecture driven by a couple of mega trends: Edge Computing, AI/ML and Decentralised Data Networks - 2/9