A Review of the 11 Projects Invested by Polychain Capital This Year
Since its first investment in 2017, Polychain Capital has made a total of 85 investments. In terms of sectors, it typically chooses DeFi, infrastructure, and layer one blockchain projects (accounting for 65%).Author: dLux
Compiled by: Deep Tide TechFlow
Polychain Capital is a venture capital firm capable of discovering potential:
• Invested in MakerDAO in 2017;
• Invested in dydx in 2017;
• Invested in Starkware in 2018.
Want to know about their 11 investments this year?
The company was founded by Olaf Carlson-Wee in 2016, who was previously the risk manager at Coinbase. As you can see, Polychain Capital has been very active over the past year.
Investors in Polychain Capital include some heavyweight firms:
• a16z (managing $3.5 billion in assets);
• Sequoia (managing $8.5 billion in assets);
• Usv (managing $1 billion in assets);
• Founders Fund (managing $11 billion in assets).
Since their first investment in 2017, they have made a total of 85 investments. Seed and Series A investments account for the majority of their deals (67%). As for sectors, they typically choose DeFi, infrastructure, and Layer 1 blockchain projects (65%). Next, let's take a look at their investments this year.
[Quasar](https://www.rootdata.com/zh/Projects/detail/Quasar Finance?k=Mjc2MQ==) is a decentralized application chain that supports cross-chain asset management in the Cosmos ecosystem. Quasar's universal asset management vault can be customized according to different needs.
[Nil](https://www.rootdata.com/zh/Projects/detail/=nil; ?k=NjU3OA==) is a project aimed at promoting research and development in cryptography and databases. Their main product is Proof Market, which enables zkLLVM to work together, simplifying zk implementations for developers.
[SPACE ID](https://www.rootdata.com/zh/Projects/detail/SPACE ID?k=MjM0MQ==) is building a one-stop universal naming service network, with infrastructure that provides multi-chain naming services, allowing anyone to create a Web3 identity.
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, allowing compatibility between applications on other chains. Scroll raised $50 million at an $1.8 billion valuation.
Cubist is a project dedicated to providing the following two advantages:
Top-notch security that enhances developer productivity;
A lower 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 restaking mechanism. This allows ETH to be reused at the consensus layer by providing aggregated security, thereby 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-token model is innovative and will be very interesting in practice.
[Thetanuts Finance](https://www.rootdata.com/zh/Projects/detail/Thetanuts Finance?k=Mjg1OA==) aims to provide funding management for DAOs and help retail traders earn organic returns from their assets by simplifying transaction processes.
Webb has built the infrastructure for a privacy protocol ecosystem driven by zk technology, suitable for a multi-chain world.
Which project do you think will perform the best?
