ETH’s L2 Growth Story
As a quick refresher, let’s touch on what Ethereum Layer 2s (L2s) are and why they’re necessary on ETH. Simply put, a L2 is an umbrella term to describe solutions that build on top of ETH mainnet (Layer 1) to improve the scalability of the network. ETH is the second largest cryptocurrency
The BerriAI Investment Thesis
The label “large” refers to the number of values (parameters) the model can change autonomously as it learns. Some of the most successful LLMs have hundreds of billions of parameters. LLMs are trained with immense amounts of data and use self-supervised learning to predict the next word in a sentence, given the
Crypto Predictions for 2023
2022 was a challenging year for crypto. Gravity Fund managed to navigate the year relatively unscathed, and as of the writing of this post, we’re carrying a gain on our overall portfolio and, more specifically, a gain on our crypto portfolio. Not bad following a year in which the crypto sector, as
The MetaGravity Investment Thesis
A couple of disclaimers before we dive in: We publish both sector and individual investment theses for free, and many have gleaned insights from them, but nothing herein is investment advice. Publishing our theses allows us to synthesize, generate feedback upon and further refine them. In each thesis, I borrow liberally from
NFTs as foundational Metaverse infrastructure
However bullish you are on NFTs, you are wrong. You are insufficiently bullish. 1/ On NFTs 2030 However bullish you are on NFTs, you are wrong. You are insufficiently bullish. 6529 has gone to the mountaintop and there is almost nothing in life that 6529 is as sure of as this — 6529 (@punk6529) October 1, 2021 The
The Metaverse is Having a Moment
The biggest ideas in tech often lurch into the lexicon before they are truly coherent. This was the case with the ‘Metaverse’ and we’re just now beginning to see the emergence of the core infrastructural pieces catching up with the lexicon. The term ‘Metaverse’ comes from digital cyber-punk antiquity. Coined by the writer
The Next Computing Epoch
New technologies can create whole new industries. New technologies can, and often do, successfully disrupt and eventually overwhelm prominent firms, which have built their positions based on prior technologies. Technology cycles (or epochs) are often described as following a pre-determined or predictable trajectory. Progress is seen to involve a succession of epochs,
Introducing Gravity Fund
I’m thrilled to announce the launch of Gravity Fund, a thesis driven early-stage Venture Capital firm, alongside my Co-Founder and Managing Partner, Adam Gruver. We’ll be investing in extraordinary entrepreneurs building bleeding edge technology on the brink of commercialization in four defined sectors: Consumer Marketplaces & Applications, Fintech & Crypto, Enterprise Software,
DeFi – a Sovereign Financial System
Thomas Hobbes’ doctrine of sovereignty dictates complete monopoly of power within a given territory, and also insists on the fundamental equality of human beings. He maintains that the state is a contract between individuals; that the sovereign state owes authority to the will of those it governs and is obliged to protect
Reflecting on recent VC history and where we go from here
The venture capital industry historically reinvents itself every few years, and 2020 accelerated that cycle significantly. As we enter 2021, we’ve seen the deployment periods for many seed funds shorten to 18 months. There is a sector-specific seed fund for every sector imaginable. Traditional Series-A firms have grown into full-stack shops with