Venture Strategy We invest and incubate blockchain infrastructure, protocols, and applications at their earliest stages. As a "founder-first" firm, we adopt a collaborative approach to investing and work closely with entrepreneurs at the forefront of innovation since 2018. Our legacy as Aves Lair, an accelerator, incubator, and technology hub, has transformed us into a vibrant
marketplace of ideas, talent, and capital, enabling us to support the next generation of disruptive entrepreneurs.

Our Investment Thesis We believe that value generation primarily occurs within network effect models. Blockchain technology unlocks this value by minimizing trust assumptions and disintermediation. With a new class of assets and a permissionless provably neutral settlement layer, we recognize the potential
to disrupt trillions of dollars currently managed by intermediaries.

The financialization of ownership lowers barriers to entry, reduces coordination costs, and broadens asset distribution. This has led to the creation of new financial instruments and services that attract a wider range of participants and foster new markets. As traditional financial products and “real-world assets” transition onto the blockchain, we will increasingly see traditional markets merging with the digital
economy.

Blockchain enables entrepreneurs to permissionlessly leverage, coordinate, and innovate at scale. With built-in monetization mechanisms, these systems incentivize value creation for both the individual and the network, fostering a cycle of innovation that accelerates the adoption of blockchain-enabled
applications.
Investment focus Thus, we focus on companies or protocols that Portfolio Our Services