CIO @RockawayX Liquid. Fundamentals driven, directional long/short fund. Previously Founder & Managing Partner @RelayerCapital, Partner @CoinFund. nfa/dyor
Onchain
Joined February 2017
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Austin Barack retweeted
Yeah.
Disclosure: I have, and will continue to be, long solana:Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs
Great research report on $GRASS published by @FalconXGlobal today.
In their base case analysis, they value Grass at $2.53 per token (249.7% above the current price) based on an average of crypto, big tech, and AI training data comps.
Looking just at major AI training data comps such as Scale AI, Surge AI, Mercor, Exa, Parallel, Firecrawl, and Tavily, $GRASS is valued at $3.69 (409.1% increase in price).
This all lines up very closely with my own internal model where I project fair value in the $4-5 range, driven by slightly higher long term projected revenue figures.
Definitely worth a read as @martin_gaspar1 does an awesome job laying out the business and growth opportunity.
Grass remains one of my two highest conviction AI tokens (along with $VVV). Great to see one of the top firms in digital assets also recognizing the strong setup here.
Not financial advice
Great research report on $GRASS published by @FalconXGlobal today.
In their base case analysis, they value Grass at $2.53 per token (249.7% above the current price) based on an average of crypto, big tech, and AI training data comps.
Looking just at major AI training data comps such as Scale AI, Surge AI, Mercor, Exa, Parallel, Firecrawl, and Tavily, $GRASS is valued at $3.69 (409.1% increase in price).
This all lines up very closely with my own internal model where I project fair value in the $4-5 range, driven by slightly higher long term projected revenue figures.
Definitely worth a read as @martin_gaspar1 does an awesome job laying out the business and growth opportunity.
Grass remains one of my two highest conviction AI tokens (along with $VVV). Great to see one of the top firms in digital assets also recognizing the strong setup here.
Not financial advice
Huge achievement, congrats to everyone that made this happen and all of the current and future users that will benefit from it!
Alpenglow is now live on Solana mainnet. ⛰️
Finality just went from ~12.8 seconds to ~150ms.
The biggest consensus upgrade in Solana’s history, built by @anza_xyz.
Worth a listen, great deep dive into Grass
New Delphi Podcast with Andrej Radonjic @0xdrej, founder of Grass
To a website, Grass looks like normal users browsing. Behind it is millions of opted in residential nodes and a data platform that has delivered exabytes of web data to the frontier labs
We get into how AI flipped the hard part of search upside down. The index used to be the moat, and crawling was free. Now AI tooling makes the index cheap, while AI crawlers have pushed the web into blocking everything. The hard part is getting the page at all
Training data is already a profitable business for Grass with most of the top labs and multiple Mag 7 companies as customers. Crawling for that data also means mapping the entire internet, which is what puts Grass in a position to build search on top of it. Contents API is live, Search is next, and multimodal grounding follows
00:00 Intro
00:43 From Nuclear Physics to Web Scraping
03:38 The Pandemic Signal Everyone Missed
07:31 The Smart TV Proxy Scandal
09:10 Why the Internet Is Blocking AI
11:56 Training Data vs Live Data
16:05 Mapping the Entire Internet
18:03 Delivering Exabytes to AI Labs
21:48 What AI Labs Really Pay For
24:43 How Robots Learn From Web Video
33:02 When Labs Change Direction
35:57 One API Call for Any Website
41:58 AI Flipped Search Upside Down
47:03 Can the Network Keep Up?
49:52 The Defense Tech of AI Data
52:58 Why Data Is the Alpha
57:08 Why AI Labs Won’t Buy Slop
59:17 The Metric That Matters Most
01:02:35 The $100 Billion Data Market
01:05:07 Who Actually Owns Grass
01:08:18 What a Real Moat Looks Like
01:13:16 What Happens Next
Disclosure. Delphi Ventures holds $GRASS
Full episode
Austin Barack retweeted
Aero launches soon. To ensure a smooth departure, we've compiled a list of resources here:
Upgrade Hub: aero.xyz/aero-upgrade/
Documentation: app.aero.xyz/docs/
Security/contracts: app.aero.xyz/docs/security/
Support: support.aero.xyz/
Aerodrome guides: aerodrome.finance/docs/upgra…
Velodrome guides: velodrome.finance/docs/upgra…
Austin Barack retweeted
New Delphi Podcast with Andrej Radonjic @0xdrej, founder of Grass
To a website, Grass looks like normal users browsing. Behind it is millions of opted in residential nodes and a data platform that has delivered exabytes of web data to the frontier labs
We get into how AI flipped the hard part of search upside down. The index used to be the moat, and crawling was free. Now AI tooling makes the index cheap, while AI crawlers have pushed the web into blocking everything. The hard part is getting the page at all
Training data is already a profitable business for Grass with most of the top labs and multiple Mag 7 companies as customers. Crawling for that data also means mapping the entire internet, which is what puts Grass in a position to build search on top of it. Contents API is live, Search is next, and multimodal grounding follows
00:00 Intro
00:43 From Nuclear Physics to Web Scraping
03:38 The Pandemic Signal Everyone Missed
07:31 The Smart TV Proxy Scandal
09:10 Why the Internet Is Blocking AI
11:56 Training Data vs Live Data
16:05 Mapping the Entire Internet
18:03 Delivering Exabytes to AI Labs
21:48 What AI Labs Really Pay For
24:43 How Robots Learn From Web Video
33:02 When Labs Change Direction
35:57 One API Call for Any Website
41:58 AI Flipped Search Upside Down
47:03 Can the Network Keep Up?
49:52 The Defense Tech of AI Data
52:58 Why Data Is the Alpha
57:08 Why AI Labs Won’t Buy Slop
59:17 The Metric That Matters Most
01:02:35 The $100 Billion Data Market
01:05:07 Who Actually Owns Grass
01:08:18 What a Real Moat Looks Like
01:13:16 What Happens Next
Disclosure. Delphi Ventures holds $GRASS
Full episode
Austin Barack retweeted
Docs are LIVE ✈️
Ahead of tomorrow's launch, we're sharing an advanced preview of the all-new Aero documentation.
Click through to learn about new features like Predictive Allocation, Autopilot, and Metaswaps, and how they all come together.
Dive in👇
app.aero.xyz/docs/
Austin Barack retweeted
Since September the $AERO share of spot RWA volume (green) has been inching closer and closer to parity with the $UNI share (blue). ty @Blockworks for graph
This is before they deploy on mainnet, RH chain, Arbitrum, Elysium (?👀?) etc...
Not extremely hard to see where this trend is heading.
Hard to not be very bullish on the future of AI growth, demand for compute, continued compute constraints, and rapid acceleration in intelligence after listening to the @SpaceX earnings call.
Feels like this earnings report / call could be a turning point for equity markets to quell the AI growth fears
Nice beat by $SPCX. Will be interesting to get more details on Grok bot growth on the call
Austin Barack retweeted
seems like ppl think aero is going crosschain and expecting to win these markets
no, aero is going crosschain with a fully new DEX model with big leaps in tech and economic design
and then it expects to win these markets
read this. base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 is a new thing. aero.xyz/articles/the-aero-e…
Austin Barack retweeted
if you aren't paying attention to venice ai, you should be.
- 5 million users
- API Calls are up 400% since July
this is fueling $10.4M/yr burn for base:0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf
The $AERO launch is about way more than chain expansion
Most of the market is sleeping on the fact that it's just as impactful imo that Aero is making a number of major protocol design and economic upgrades as it is that Aero's addressable market is expanding by adding Ethereum, Robinhood Chain, etc
The posts I see on CT about the @aeroxyz upgrade only mention the cross-chain expansion
Most analysts are totally unaware of the major economic upgrades that will drive its dominance
New rev lines, new buybacks, more efficient emissions, 8-9 figs MEV capture, low inflation
Wasn't on my bingo card as another positive catalyst for Venice
Very cool to see @21shares continuing to drive the frontier with their launch of a $VVV exchange traded product
Huge milestone for the @askvenice team: 5 million users choosing private, unrestricted AI. 🛡️
We are proud to bring physically backed exposure to this thesis to European investors with the launch of the 21shares Venice Token ETP (ticker: VENC), live on SIX Swiss Exchange from today.
Full press release: globenewswire.com/news-relea…
