Compilation of the original text: Deep Tide TechFlow

Compilation of the original text: Deep Tide TechFlow

Polychain Capital is a VC firm that discovers the potential of:

• Invested in MakerDAO in 2017;

• Invested in dydx in 2017;

• Invested in Starkware in 2018.

Want to see their 11 investments this year?

The firm was founded in 2016 by Olaf Carlson-Wee, formerly Coinbase's head of risk. As you can see, Polychain Capital has been very active over the past year.

Investors in Polychain Capital include some heavyweights:

• a16z ($3.5 billion in assets under management);

• Sequoia ($8.5 billion in assets under management);

• Usv (USD 1 billion in assets under management);

• Foundersfund ($11 billion in assets under management).

In total, they have made 85 investments since their first investment in 2017. Seed and Series A rounds accounted for the majority of deals (67%). As for sectors, they usually choose DeFi, infrastructure, and layer-one blockchain projects (65%). Next let's look at their investments this year.

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

Nilis 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 IDA one-stop universal naming service network is being built, whose infrastructure provides a multi-chain naming service, enabling anyone to create a Web3 identity.

Cysicis a zk hardware startup that aims to provide the physical requirements for the zk proof protocol.

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

ScrollsIt is a zkRollup based on zkEVM, built on top of ETH, allowing compatibility between other on-chain applications. Scroll raised $50 million at a $1.8 billion valuation.

Cubistis a project dedicated to providing the following two advantages:

• Best-in-class security that increases developer productivity;

• A development environment that lowers the threshold, freeing developers from being locked in by the development environment.

EigenLayeris a protocol built on Ethereum that introduces a re-staking mechanism. This enables ETH to be reused on the consensus layer, reducing the cost of capital and significantly increasing trust by providing pooled security.

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

Thetanuts FinanceIt aims to provide fund management for DAOs and help retail traders earn organic returns from their assets by simplifying the transaction process.

WebbThe infrastructure of a privacy protocol ecosystem driven by zk technology has been built, which is suitable for a multi-chain world.

Which project do you think will achieve the best performance?