Drew Patel retweeted
GDP onchain
SoonTM
The thesis for GDP onchain:
Millions will stop paying for basic services including mobile, banking, energy as we bring more GDP onchain
By moving onchain value is shared with network participants not concentrated in a few owners (this is how the internet has evolved so far).
Onchain users will have more agency and options to monetize their time/attention, data and other energy resources in decentralized global and competitive marketplaces which are more efficient to surface price discovery.
GDP on chain.
Drew Patel retweeted
Karak continues to be the golden child of the portfolio! 😇 Congrats team. Sovereigns are coming to the table… This kind of adoption takes hard work and grit. 👏🏻
Drew Patel retweeted
In the past, crypto has been a closed off isolated ecosystem only tangentially connected with traditional financial markets
The global winds are shifting where you are going to start to see financial rails truly moving to crypto infrastructure
When nation states start pushing their economies on chain and tokenizing everything
A lot of the financial innovation you’ve seen in crypto like AMMs, incentivized liquidity, perps, fundraising launchpads, etc can be used with stocks, bonds - any other asset
Karak is the global base layer that allows anyone to create secure, specialized blockchain networks, optimized for internet markets.
By adopting the Karak Network Stack (KNS) out-of-the-box, nation states can bring entire traditional financial markets onchain—stocks, bonds, options, derivatives, and other financial instruments—seamlessly connecting local economies to global markets.
Access any market, any time, from anywhere in the world.
Drew Patel retweeted
Sharing a personal update
I was let go from the Eigen Labs on Monday. I was responsible for trying to fud @Karak_Network to no avail. I will be reprising my role at the Eigen Foundation
Drew Patel retweeted
Developing more robust risk management products is something I think about constantly and don’t think there’s a more thoughtful team building with this as the primary focus. Have really enjoyed discussions with them on ways to build insurance and similar hedging products that can protect against restaking, slashing and other on chain risks
Known this team for years and it’s great to see them finally launch 🍊
1) $48M at $1B+
We're thrilled to welcome @LightspeedVP and @MubadalaCapital, the asset management subsidiary of @Mubadala, a $280B sovereign wealth fund in Abu Dhabi
And huge shoutout @joeykrug @pythianism @im_manderson @santiagoroel for their unwavering support
Salam
Salam
1) We raised $48M at $1B+ from the best in the world
2) The Risk Management L2 accelerating @Ethereum with modular security is now in Mainnet Early Access
3) Karak XP Early Access Program is now live, fruitful details at the end
Three piece with a cup of Karak 🍊
Drew Patel retweeted
.@AndalusiaLabs is on a mission to bring critical risk management infrastructure to every institution, developer, and consumer and Lightspeed is proud to lead their $48M Series A.
Read about the company’s recent funding and plans for an Abu Dhabi HQ in @TechCrunch: techcrunch.com/2023/12/13/an…
#blockchain #AbuDhabi
