Inventory of Polychain Capital’s investment projects, who will stand out?

This article introduces Polychain Capital’s 11 investment projects this year.

Written by dLux

Translated by Deep Tide TechFlow

Polychain Capital is a venture capital firm that can discover potential:

  • Invested in MakerDAO in 2017;

  • Invested in dydx in 2017;

  • Invested in Starkware in 2018.

Want to know their 11 investments this year?

The company was founded by Olaf Carlson-Wee in 2016, who was the risk supervisor of Coinbase. As you can see, Polychain Capital has been very active in the past year.

Polychain Capital’s investors include some heavyweight companies:

  • a16z (managing assets of $3.5 billion);

  • Sequoia (managing assets of $8.5 billion);

  • Usv (managing assets of $1 billion);

  • Foundersfund (managing assets of $11 billion).

Since their first investment in 2017, they have made a total of 85 investments. Seed rounds and Series A investments account for the majority of their transactions (67%). As for sectors, they generally choose DeFi, infrastructure, and Layer 1 blockchain projects (accounting for 65%). Let’s take a look at their investments this year.

Quasar is a decentralized application chain that supports cross-chain asset management of the Cosmos ecosystem. Quasar’s general asset management treasury can be customized according to different needs.

Nil is a project aimed at promoting cryptographic and database research and development. Their main product is Proof Market, which can make zkLLVM work together to simplify zk implementation for developers.

SBlockingCE ID is building a one-stop general naming service network, and its infrastructure provides multi-chain naming services, enabling anyone to create Web3 identities.

Cysic is a zk hardware startup aimed at providing physical requirements for zk proof protocols.

Polyhedra Network is building infrastructure powered by zk technology. They have designed zkBridge, a trustless infrastructure for L1 and L2 interoperability, and zkDID, a scalable and interoperable DID solution based on SBT.

Scrolls is a zkRollup based on zkEVM, built on ETH, that allows for compatibility between other on-chain applications. Scrolls raised $50 million at an $1.8 billion valuation.

Cubist is a project dedicated to providing two main benefits: first-class security to increase developer productivity, and a low barrier-to-entry development environment that frees developers from being locked into a development environment.

EigenLayer is a protocol built on Ethereum that introduces a re-staking mechanism. This allows ETH to be reused at the consensus layer by providing pooled security, reducing capital costs and significantly increasing trust.

Berachain is an EVM-compatible L1 focused on DeFi, using a liquidity consensus proof algorithm and built on Cosmos. Their three-gen token model is novel and will be very interesting in practice.

Thetanuts Finance aims to provide fund management for DAOs and help retail traders earn organic yield from their assets by simplifying the trading process.

Webb has built infrastructure for a privacy protocol ecosystem powered by zk technology, applicable to the multi-chain world.

Which project do you think will perform the best?

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