Certain information contained herein may have been obtained from third-party sources, including from portfolio companies of funds managed by Multicoin. You can read that article here.ĭisclosure: Unless otherwise indicated, the views expressed in this post are solely those of the author(s) in their individual capacity and are not the views of Multicoin Capital Management, LLC or its affiliates (together with its affiliates, “Multicoin”). Today I also published an article about our EOS Block Producer Voting Criteria on Forbes. Sub-scale funds will not be able to do this effectively. And it goes without saying that doing this at scale requires significant operating infrastructure, relationships, and human capital. We expect that our depth of knowledge in the nuances of each network will provide a sustainable, differentiated advantage as investors. We will synthesize those learnings so that we can be a better ecosystem participant in each network, and will leverage our experiences in making future allocation decisions. And we will learn by participating in each one. In the the next 12 months, we expect to be actively contributing to network validation and governance in over a dozen crypto networks.Įach network will be unique. We were recently elected to run an Authority Node in the Factom ecosystem. We are already participating in Livepeer mining will be running a transcoding node soon. We plan to live up to the potential of what every crypto-native investor can and should be.
And because Tushar and I will serve on Aurora’s board, we’ll be able to learn from Aurora’s experiences through our close relationship with Myles and synthesize those learnings as we participate in the governance of other networks. And the only way to do that is to create a dedicated entity with an autonomous CEO who can build a company with strategic purpose and focus.Īs an independent company, Aurora is better equipped to excel at its mission: to drive long-term platform adoption by cultivating an engaged and informed EOS community. We determined that if we were going to do this at all, we needed to do so in such a way that would exceed the market’s expectations of what block producers can and should be. It also mandates the highest levels of technical capability, and requires the most active governance (Myles touches on this in the Hello World post). Crypto-native managers also bear the responsibility of ushering nascent markets to stability-by way of investment, governance, and active participation.ĮOS is by far the largest blockchain with meaningful on-chain governance components. It’s not enough to simply be a pure custodian or asset manager any more. The role of crypto investors is evolving-rapidly. If you believe this, then you should subscribe to Aurora’s mailing list to learn about how the EOS ecosystem is evolving and what developments lie ahead. Additionally, other than those who live and breathe in the EOS ecosystem, most crypto generalists are too quick to write off EOS as just another smart contract platform. Our EOS position has been a controversial one- many of our peers have not yet fully grasped the significance of the tradeoffs that EOS has made, nor the value that it unlocks for developers building consumer applications. Voter education and engagement is arguably the single most important problem worth focusing on in EOS right now, and Aurora will contribute substantially in this regard. You can learn more about Aurora EOS directly from Myles by way of his Hello World blog post.Īurora will publish a new weekly EOS newsletter called Aurora EOS Weekly Update, along with opinionated essays in a similar spirit to those featured on the Multicoin’s blog. Tushar and I will sit on Aurora’s board of directors, allowing the two of us to focus on managing Multicoin’s investments. While Myles will remain a strategic advisor to Multicoin, he has transitioned full-time to Aurora to dedicate his focus exclusively to serving the EOS community. Myles Snider, who was our first research analyst at Multicoin, will step up to serve as Aurora EOS’s CEO. Today I’m very excited to unveil a secret project that some people inside of Multicoin have been working on for a few months: Aurora EOS.Īurora EOS is an independent company that will be a block producer for the EOS blockchain.
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