An independent research and incubation lab.
We're an experienced team of engineers and researchers across AI and crypto. We publish research and back early-stage teams shipping at the edge.
- AI
- Crypto
- Early-stage incubation
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Principles
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Independent
No fund constraints. No incentive to cheerlead. We publish what we believe.
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Hands-on
Founders we back get more than capital. Research, technical, and network firepower from day one.
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Bilingual
We track both English and Chinese coverage. Most edges live in the gap between them.
Research — 02 entries
01TAP × Trac: The Most Mispriced Stack on Bitcoin
A research note on TAP Protocol, Trac Network, and the team building Bitcoin's coordination stack.
Two Years in the Dark, Two Weeks in the Sun: The DMT–NAT Breakout
A research note on Digital Matter Theory, the rise of $NAT, and a structural shift inside Bitcoin mining.
Build with us
Working on something at the edge of AI or crypto?
We back early-stage projects with technical and capital support. Whether it's a new protocol, an early team trying to ship something hard, or a research idea that doesn't have a category yet, we want to hear from you. We've worked with founders before there was a deck and we'll do it again.