Writing
Notes from the frontier.
Our perspective on the onchain economy — thesis pieces, market notes, and the questions we're working through with founders.
Jul 2026→Jun 2026→May 2026→Mar 2026→Oct 2025→Oct 2025→Jun 2025→Mar 2025→Jan 2025→Nov 2024→Oct 2024→Oct 2024→Oct 2024→Jul 2024→Jul 2024→Jul 2024→Mar 2024→Mar 2024→Feb 2024→Jan 2024→Dec 2023→Sep 2023→Jul 2023→Apr 2023→Mar 2023→Mar 2023→Jan 2023→Jan 2023→Jul 2022→Jun 2022→Jun 2022→Feb 2022→Jan 2022→Jan 2022→Dec 2021→Dec 2021→Nov 2021→Oct 2021→
Investing in Infinia
We're excited to participate in Infinia's $13.5 million Series A led by Bain Capital Crypto and Variant.
Investing in Daya
Announcing our Pre-Seed Investment in Daya
Investing in Charms
Investing in Charms' Pre-Seed Round
Investing in Kairos
Kairos is building a first of its kind on-chain interest rate swap protocol.
2023 Seed Stage Retrospective
A look back on crypto seed investments made in 2023.
Investing in Takenos
Today Takenos announced their seed round co-led by Lattice and Variant.
How Coala Pay and Crypto Benefit International Aid
Crypto and Coala Pay can eliminate aid dollars lost to intermediaries, increasing the amount of funds reaching those in grave need.
Investing in Manifest
Today we are excited to announce our co-lead investment alongside VanEck Ventures into Manifest, the protocol bringing institutional-grade U.S. real estate on chain.
Investing in Accrue
Today, we are proud to announce our investment into Accrue, dedicated to revolutionizing cross-border payments in Africa.
Introducing DeData Networks
How ZK will usher in the next generation of crypto applications, networks, and users
Investing in Glow
Today, we are proud to announce our investment into Glow, an incredibly ambitious project to power the planet with the power of the Sun.
Investing in Blockcast
We're excited to announce our investment in Blockcast, a community-driven content delivery network (CDN).
2022 Seed Stage Retrospective
An analysis of the 2022 Seed Stage Projects
Investing in Daylight
We are electrified to announce our investment in Daylight’s Series A, led by a16z Crypto. Daylight is building a distributed energy platform powered by crypto rails.
Investing in Caldera
We are thrilled to announce our investment in Caldera’s Series A, led by Founders Fund. Caldera is the leading rollup deployment platform.
The Art of Oracle War
Chainlink Empire Vulnerable to Uprising Oracles
Investing in Unstable
We're excited to announce our investment in Unstable, a LST/LRT native lending protocol.
Investing in Midas
We’re excited to announce our investment in Midas, which is building the mTBILL token, that tracks short-dated U.S. Treasury securities 1:1 via an ultra-liquid BlackRock Treasury Bond.
Investing in Coala Pay
We’re excited to announce our investment in Coala Pay, which is building a stablecoin protocol for last-mile delivery of international aid.
Lattice & CoinList Seed
Today, we’re excited to announce a collaboration between Lattice and CoinList Seed.
Investing in Rhinestone
We’re excited to announce our investment in Rhinestone, which is building blockchain infrastructure for modular smart account wallets.
The Crypto PR-FAQ
It’s the million dollar question: how will crypto benefit real world users?
2021 Seed Stage Retrospective
An analysis of the 2021 Seed Stage Projects
Investing in Karate Combat
Karate Combat is a professional sports league that focused on full-force, striking-only karate tournaments. 130 fighters compete for championship belts across 10 weight classes. The league, founded in 2017, has targeted the next generation of sports fans by tailoring content to entertain on mobile devices, free-to-watch cross-platform distribution and immersive 3D VFX environments.
Investing in Ensemble
We are excited to announce our investment in Ensemble, which is building a platform where artists can sell the artifacts from their creative process and tell the story behind it. Artifacts are often referred to as ephemera — pieces from the creative process of a project. Artifacts are created for a specific purpose and aren't meant to last after their original use.
The Emerging DAODrop Trend
There is a new type of airdrop emerging; the DAODrop. Airdrops are the single most important marketing tool at the disposal of crypto teams today and they are no longer just for retail. More infrastructure and middleware projects are getting on the airdrop train by offering airdrops as a way to reward and incentivize continued development by other protocol & application developers leveraging their infrastructure.
Investing in Tholos
We’re excited to announce our investment in Tholos, which is building the next generation of crypto-native financial infrastructure. Today most crypto-native organizations run their businesses on top of SAFE multi-sig wallets. Multi-sigs have become a mainstay of crypto - project treasuries, DAO’s, groups of friends all use multi-sigs to jointly store assets.
Exploring the Limits of Decentralized Governance
Decentralized governance has been a long-discussed topic – it aims at helping to prevent corruption, empowering a community to have a voice, and ensuring that a crypto network is run fairly and transparently.
Token Incentivized Physical Infrastructure Networks
With the advent of general purpose blockchains, notably Ethereum in 2014, a diversity of decentralized applications emerged from the primordial on-chain soup. While we experienced the rapid development of new sectors starting with DeFi summer in 2020, we haven’t seen a new sector contender since late 2021 push for DAO Tooling. Today I am going to talk about the emergence of what I believe will be a massive new sector of the burgeoning crypto economy, what we are calling Token Incentivized Physical Infrastructure Networks (TI-PIN).
It’s All a DeFi Thesis
DeFi has been in the doldrums for the better part of the last year. As liquidity mining has faded from focus, investors and retail have shifted their attention elsewhere. DeFi winter started months before the broader market sell off and most DeFi tokens are down 90%+ from all time highs.
A Notional Thesis
Over the last few months Lattice has been building a position in $NOTE, the governance token of Notional. Notional has been at the forefront of the fixed-rate lending market, pushing the vertical forward and driving the next wave of DeFi adoption. We’re excited to share our thesis more broadly.
Investing in DIMO
Lattice Capital is excited to announce our investment into DIMO, a web-3 enabled crypto network that will power the world’s machine-based data economy. We believe that DIMO has the potential to change how data is collected, used, and most importantly monetized in the increasingly internet connected world. The DIMO network is focusing its initial go to market plan on the massive $10T mobility market with a particular emphasis on electric vehicles which is expected to balloon over the next 10 years as OEMs rush to electrify their fleets.
Web3 vs Everybody
Let’s stop talking about Web3. Breakout apps need to speak for themselves.
Investing in Lit
Lattice is excited to announce our investment into Lit Protocol, we believe Lit will be a key piece of the rapidly expanding infrastructure stack within Web3. The Lit Network provides web3 developers with a decentralized access control protocol for gating digital and real world experiences based on on-chain data including ownership of both fungible and non-fungible tokens.
How Layer3 Is Onboarding The Next Million DAO Contributors
Layer3 is helping DAO’s and Web3 projects better engage their communities and turn them into cheerleaders. These communities are filled with incredibly passionate early adopters who want to make these projects successful and Layer3 is helping to leverage that energy for marketing purposes. For example, an Index Coop community member claimed a bounty to skydive wearing Index Coop merch (the video was viewed more than 3000 times!)
Investing in xToken
We're excited to announce that we've co-led a $2M round into xToken, alongside their existing investors. xToken is an on-chain asset management platform that offers passive and composable DEFi strategies. Their initial product focused on liquid staking derivatives of popular ERC20 tokens, but they've since expanded into Uniswap V3 LP strategies (and so much more!)
How Hashflow used Project Galaxy to turbo-charge to $600M of trading volume
Growth in Web3 is a challenge; Web3 has no app stores, no targeted Facebook ads, no email marketing, no re-marketing, no affiliate marketing...yeah, you get it. The tools relied upon by Silicon Valley growth marketers over the past decade have largely evaporated in our industry, and we've been left with only a couple arrows in the quiver. Beyond meme contests and an active Twitter account, Web3 teams have relied mainly on token incentives for early adopters. Using tokens as an incentive, while successful in some instances, is more recently being called into question as it has trained parasitic behavior as users rush into projects with liquidity to earn tokens only to dump them and when the incentives dry up, say goodbye to those users.
The Web3 Growth Playbook
Interest in Web3 has exploded over the past twelve months. NBA superstars are paying six-figures for NFT's and proudly displaying them. OpenSea is doing more volume than Etsy. The fastest growing game in the world runs on Ethereum. While this surge in interest has driven new users into the space, usage of crypto products still dwarfs that of their predecessors.
