This article provides a deep dive into Progrmd Capital’s Axelar thesis.

This article provides context to protocol cash flows, delving into the brief history of open-source software, its challenges, and the revolutionary role of crypto in coordinating and creating value for open-source projects. Further, we analyse the cash flow dynamics by tracing the value through the theoretical "income statement" for select protocols.

This article attempts to dispel the common misconception that crypto lacks intrinsic value by examining the revenue models of Ethereum, Uniswap, Lido, and MakerDAO.

This post contains links to a podcast which discusses the concept of fundamental crypto investing.

This post addresses the topic of crypto valuation framework.

This post explains what tokens are and gives a breakdown of the different types and functions of tokens.

The post explores key differences between Web2 and Web3 technology stack and explains how blockchains help develop the concept of digital property rights.

The post outlines why investors might consider investing in crypto and the high level structural growth drivers for the asset class.

Today, I am thrilled to announce the launch of Progrmd Capital, an investment firm which invests exclusively in liquid crypto assets.