Disclosure: Placeholder is an investor in Movement Labs and holds APT and SUI.  The EVM has been the most popular blockchain operating system since Ethereum launched almost a decade ago. However, few...

Saga’s virtual blockchains are called Chainlets , and Chainlets are designed to be dedicated to single applications, though they could host multiple applications if preferred. Each Chainlet is a...

Decentralized public blockchain networks have existed for ~15 years with the associated cryptoassets currently going through their fourth major market cycle. Throughout these years, and especially...

At Placeholder, I hope to relate the blockchain revolution to historical technological trends as I explore how the methods of past technological evolutions are mirrored (and can be utilized) within...

“Better technology doesn’t always win” is an old adage in entrepreneurship with numerous well-studied examples from business history: standard vs. wider and more performant railway track gauges,...

The pioneers of new technology must raise a lot of capital to create foundational infrastructure, which can lead to over-investment and speculative bubbles. When these bubbles burst, weak firms fail,...

As the cost of producing artificial intelligence models decreases, the population of AI agents will grow exponentially. Agents will soon outnumber humans online, creating, consuming, and exchanging...

Ethereum and Solana are like Android and iOS. Android values modularity: it runs on many different types of devices made by hundreds of manufacturers worldwide; Google only makes 1-2% of them. This...

Placeholder is a venture capital firm that works with entrepreneurs and decentralized information networks to better distribute data, wealth, and power. We are seeking a highly motivated Analyst to...

The road to progressive decentralization runs parallel to – and will eventually intersect with – the road to progressive compliance. The challenge is that, while “decentralization” in crypto has a...

When we combine expert knowledge from TradFi with an intimate understanding of blockchains, we can better tackle the institutional shortcomings of the current financial services industry. Infinity...

Across is a bridging protocol on Ethereum that transfers value between Mainnet and Ethereum layer-2s, and soon will connect to any EVM chain. It differentiates from other bridges by its fixation on...

Like many of you, we were surprised to see the rapid collapse of FTX, one of the largest crypto exchanges in the world. The complete details of what happened will take a while to unravel. We already...

Nearly four years after releasing our MakerDAO thesis , we believe another stablecoin, this one powered by Gyroscope , has the potential to complement Maker & DAI’s formidable achievements. With the...

zkSync best preserves the properties that have made Ethereum successful thus far: decentralization, security, composability, capital efficiency, and instant withdrawals. At the same time, it minimi...

Yield is one of the most important primitives in financial markets. Alongside gains , it’s an expression of investment profits. But where gains stem from changes in the price of an asset – and are...