EXCITED to announce that Spatial Labs has closed a $10M seed raise from & JAY-Z’s MVP - bringing total funding to $14M.
This is historic as one of the largest double digit seed raises in VC history by a founder (25) of color 🧵
Follow
Spencer Bogart 𓇼
@CremeDeLaCrypto
General Partner at 𓇼 Blockchain Capital 𓇼. Investing in people, companies, and protocols building future of crypto. Former VP @ Needham & Co.
Spencer Bogart 𓇼’s Tweets
Wallet and dapp UXs of today are fundamentally limited by the authorization mechanisms of the underlying virtual machine. What account abstraction offers is a programmable way for them to construct their own custom authorization mechanisms.
Quote Tweet
Account abstraction has seen increased attention in the EVM via ERC4337.
However, @fuellabs_ VM was designed with AA.
Fuel's predicates are the cleanest and most expressive version of in-protocol AA.
Check out @sproule_'s deep dive into the technicals. bit.ly/3XKrniG
2
6
15
Show this thread
When Mt Gox blew up, crypto was not yet advanced enough to respond with a decentralized alternative.
9 years later in the wake of FTX, the industry finally has the tools to do so.
A post on why we’re excited about , the new cross-chain DEX.
11
30
94
Show this thread
🎉 Searchers can now get their MEV bundles on-chain through the free Blocknative Auction RPC endpoint: api.blocknative.com/v1/auction
🧵👇
15
33
64
Show this thread
Kinjal - - is an absolute force of nature and also one of the smartest and kindest people I've had the pleasure of working with
Thrilled to continue working alongside her in a new capacity as General Partner 🔥
1
1
14
incredibly excited to welcome to help with all things storytelling, brand and beyond
she's a force, and we're so lucky to have her!
Quote Tweet
1) Some personal news. 
I've joined @blockchaincap to lead Marketing!
I'm thrilled to work alongside this incredible team of crypto pioneers.
↓
I've joined @blockchaincap to lead Marketing!
I'm thrilled to work alongside this incredible team of crypto pioneers.
↓Show this thread
6
3
19
Absolutely thrilled to continue backing and working closely with the entire Blocknative team
From the co-founders to the most recent hires, this is a truly world class team that keeps the best interests of Ethereum (and crypto more broadly) at the core of what they do
Quote Tweet
1/ Couldn’t be happier to share that our team at @Blocknative has closed an additional $15M financing to build blocks for Ethereum mainnet. As co-founder & CEO, it is both humbling and satisfying to see it all come together 4.5 years into our journey. 
fortune.com/crypto/2022/12
fortune.com/crypto/2022/12Show this thread
10
15
32
Despite being in the bear market and the recent blowups, great teams are still building and great investors are still supporting them
Listen to , Associate from the oldest crypto VC explain how wallets can improve to onboard more users into Web 3
5
10
28
Show this thread
Do not give oxygen to criminals who stole from investors, exploited legal loopholes, and crave attention above all else. Let justice run it’s course.
It’s time to move forward and build.
58
34
379
Recent events have underscored the importance of personal sovereignty and decentralization.
Today I am thrilled to announce the largest investment in our firm history in Matter Labs, the creator of !
27
25
87
Show this thread
it's akin to the difference of pre-PMF and post-PMF
TAM was also a major existential question in 2018/2019
Today, we can debate the absolute magnitude of the TAM but IMO it's undoubtedly *very* large
4
Show this thread
from a broad sentiment perspective, in 2018/2019 it was just very unclear what direction the industry would go (if anywhere at all)
In that regards, today's environment is night and day
1
1
5
Show this thread
Sentiment worse right now but industry is def in a better place
Pain is acute this time (negative sentiment is v targeted), previously it was blunt (broad despair)
Big diff: very little was working (yet) in 2018/2019 - very diff story today
Quote Tweet
Ppl who have been in crypto 5+ years- did the last bear market feel like this? Is this standard? Is this worse?
3
1
21
Show this thread
It's been a long time coming and I'm absolutely fired up to work with the team
Particularly important in light of recent events: this is a team that shares our mission-driven focus on enabling personal sovereignty
Onward and upward!
Quote Tweet
We’re excited to share, we have:
1) Raised $200M and now have a total of $458M in mission-driven funding
2) Decided to go FULL OPEN SOURCE at our next milestone
3) Reserved ⅔ of a potential future token for the ecosystem
4) Formed a partnership with @OpenZeppelin
1/8
1/8Show this thread
0:22
489K views
5
1
1
Rough week
We’re pulling together some of the long-time missionaries, builders and investors from around the industry to help us zoom out, discuss why we’re here and the path forward
37
114
221
eye on the ball folks
Quote Tweet
Listen to @IAmNickDodson and @jadler0 open up about Fuel's innovative design, roadmap, potential Fuel L3s, and more.
Enjoy this conversation with @blockchaincap
Some highlights
youtube.com/watch?v=eQbbHr
youtube.com/watch?v=eQbbHrShow this thread
9
2
12
Adding more Founder DNA to the BCAP team with the addition of two crypto pioneers & to double down on engineering and founder experience
Alan and Caleb were building DEXs before it was cool
We're fortunate to work with them
28
11
34
1/ ETH is up 20% over the past few days, and crypto stocks are up 15%.
You might be wondering, why?
A helpful analogy to explain these moves is to think about a wildfire.
28
41
139
Show this thread
and are one of the strongest operating/engineering duos we've ever had the pleasure of working with as investors
could not be more excited to welcome them both to the team!
Quote Tweet
Thrilled to share I’ll be joining @blockchaincap as their first Platform hire. I’ll be building out post-investment services from the ground up to support our network of 160+ Founders.
prnewswire.com/news-releases/
Show this thread
19
4
10
Thrilled to share I’ll be joining as their first Platform hire. I’ll be building out post-investment services from the ground up to support our network of 160+ Founders.
5
10
47
Show this thread
Lots of chatter about Fuel on the timeline these days.
Here's why we're excited about it:
Quote Tweet
I have been spending a lot of my time building on the Fuel ecosystem and although I have started seeing more folks discussing the project, the game-changing technical approach is yet underappreciated. I took some time to write out an explainer: medium.com/blockchain-cap
Show this thread
4
9
Incredibly excited to announce that is participating in 's Series B financing!
Quote Tweet
Today, we announce our $55M raise to launch a modular blockchain network so that anyone in the world can easily deploy their own blockchain.
blog.celestia.org/celestia-raise
Show this thread
2
5
20
Show this thread
Doubling down on engineering and best in class founder support
5
3
19
Show this thread
Excited to double down on Stardust after working with them since the pre seed
The mission has always been the same: make it super simple for game devs to build on the blockchain
Stardust will onboard more game devs to crypto in 2023 than any other company
Quote Tweet
We are betting big on Stardust
This is the clearest path to onboarding traditional game developers to crypto rails, and a way we can bring hundreds of millions of new users on chain
Developers, Developers, Developers
bloomberg.com/news/articles/
Show this thread
1
2
4
agree
there’s great web3 gaming infra already - is the industry standard. the best games we’ve seen are using it
if you’re building on Stardust let’s chat
Quote Tweet
PSA
we are seeing more gaming pitches than ever!
unless you use @Stardust, the pitch goes to the bottom of the priority stack
have already seen too many dev teams waste 1 yr+ trying to build out blockchain tech
just use stardust, and you have better tech + a warm intro to us
Show this thread
117
5
18
MEV is an unexpected black hole in the ethereum security budget and PBS is our best shot at mitigating its effects. I'm excited to announce that we're helping slay the beast by open sourcing our relay implementation dreamboat🛳️
43
64
231
Show this thread
Today, we're proud to announce $80M of support led by and !
Fuel is the fastest Modular Execution Layer delivering the highest flexible throughput with maximum security guarantees for the Ethereum ecosystem.
57
248
562
Show this thread
With so much of the world being non-fungible, we need more complex and dynamic metadata for NFT to serve as data container in the open and decentralized financial system
🚩Delving into dNFT, Metadata-Enabled🚩
medium.com/blockchain-cap
👇
12
18
28
Show this thread
The story of how I was able to rescue $1,049,947 of the Nomad Bridge funds…
22
11
53
Show this thread
We can finally announce our $4.4M seed round at ! Proud to be on this journey with such amazing investors!
42
28
91
lets gooo Swaymigo⛽️🔥
Quote Tweet
The FuelVM is a next-generation smart contract execution environment that optimizes for speed. Contracts are written in Sway, a new rust/solidity-inspired programming language. The BCAP team is building Swaymigo, a smart contract toolbox for Sway devs:
github.com/BlockchainCap/
Show this thread
12
1
6
The pieces are all coming together right in time for the merge
Quote Tweet
Today we announce the capstone of our end-to-end Web3 transaction control—Transaction Distribution Network
Gain a competitive edge on propagating your transactions and increase your probability of being added to the next #ETH block.
blocknative.com/blog/announcem
blocknative.com/blog/announcemShow this thread
29
9
13
This. This is gonna be 🔥
Quote Tweet
Join @adampatel23 & @_kinjalbshah tomorrow at 10:30am PT for the first episode of BCap Builders — where we dive deep into the projects of our talented builders.
@derek_hsue & @lsukernik will be joining us to talk about all things @hi_Reverie!
twitter.com/i/spaces/1dRKZ
8
2
10
New podcast episode out with !
There's a ton of confusion around what DAO governance is, and good models for it. , and I have an unfiltered, first principles discussion around the current flaws and what we'd change.
78
58
123
Show this thread
Saved you hours (or days) of research, the crew and break down the tx supply chain and the new role of block builders post-merge
Quote Tweet
125 - Ethereum's Hidden Power Structures
New power structures are going to emerge, post-merge
MEV Searchers
Block Builders
Block Proposers
How will value flow? Who wins?
Why your wallet is going to give you 'cash back' for using it
LISTEN!
shows.banklesshq.com/p/125-matt-cut
MEV Searchers
Block Builders
Block Proposers
How will value flow? Who wins?
Why your wallet is going to give you 'cash back' for using it
LISTEN!
shows.banklesshq.com/p/125-matt-cut20
8
32
On Unchained, explains:
*why the first Solend DAO vote was the “nuclear option”
*whether Solana’s history of downtime spurred the proposal
*Bancor’s decision to stop Impermanent Loss Protection
*what this all means for DAO governance
+more
unchainedpodcast.com/solend-and-ban
42
12
34
Quote Tweet
Great post from @SchreckReports in @politico introducing the mempool & pre-chain layer. “When the post-mortems do get written, there’s a good chance they will plumb the depths of the mempool to figure out exactly what happened.” Indeed. #mainstreaming
politico.com/newsletters/di
18
2
7