In case you missed it...

I recently had the chance to talk with Libor Michalek president at Affirm.

He oversees engineering, risk, operations, product and design. He previously served as Affirm's President of Technology and Chief Technology Officer.

We covered a lot of ground…

Great chart on daily active users by Flipside 📊

Binance still pushing a lot of usage

Polygon and Ethereum are about even, with the L2s a bit behind. Arbitrum a break-out though.

sorce link in comment

1/ Coinbase $COIN Q1 2024 Results:

Beats Earnings by ~319% & Beats Revenue expectations by ~20%

Total Revenue: $1.6 Bn, up 112% YoY, up 72% QoQ

Net Income: $1.2 Bn, up from net loss of 79 MM YoY, up 330% QoQ

Shares down ~3% after results

The catalyst for today’s note is the news about Walmart promoting its neobank, One, over partners like Affirm .

One is offering buy now, pay later (BNPL) loans for big-ticket items at several Walmart locations, likely being deployed across the 4,600 store footprint in…

JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice

cnbc.com/2023/05/25/jpm…

Water flows downhill

Thinking about the EigenLayer token and its utility.

The chart below brings out interesting comparisons, chiefly zero knowledge proofs and trusted execution environment as comparisons or competitors.

End of the day, this seems like a question of dealing with things that happen…

Do the work to be a good investor

No shortcuts available

$OLAS is automated labor.

AI Agents extend the human capacity to function in a more automated way.

📈 Productivity
📈 GDP

AI and specifically, agents, will bring more real economic activity to Web3.

Lex Sokolin | Generative Ventures from Generative Ventures ▲▼▲ talking at ETHDenver 🏔🦬🦄 Autonolas Agents…

What's the most insightful thing you've read over the last week? Any topic fair game.

Robots are us

Burn the boats, anon

There is no way back

Watch the pop and the selling to follow

Ultimately, there’s no way to build long-lasting value in crypto-AI without finding real customers for real products and services that solve actual problems, says Lex Sokolin | Generative Ventures @Genventurecap, a speaker on the AI Stage at #consensus2024 .

Opinion.

trib.al/Lt8ERHb

I turned 39 with the new year.

Here’s 39 lessons learned the hard way

🧵🎉

I love this chart

Mastercard Debuts Enhancements to FinTech Express and Engage Programs

pymnts.com/mastercard/202…

Tokenized Treasuries & MMFs

+ 11.5% in April

+ 65% ytd

$1.191 B total

v/ RWA.xyz

buff.ly/3pIxDfB

Richard Turrin @lexsokolin @ursbolt @spirosmargaris @therudingroup @xbond49 @anton_golub

Is what matters the last mile, or the first mile?

Unequivocally, it is novelty and frontier.

It is not for the explorer to worry about who will come along on the road they paved in a decade.

Without the explorer, the roads remain in the imagination and the orthodoxy ossifies…

'It [DeFi] is better financial infrastructure, but finance comes after you have economic activity, it doesn't come before.'

Lex Sokolin | Generative Ventures brilliantly summarises the status quo.

Historically, economic activity preceded traditional finance. Now, decentralized finance has preceded…