1confirmation · est. 2017 · $1B+ AUM
Open networks are empowering the masses.
Supporting exceptional founders fueling the decentralization of the web and society.
Scroll — the gallery continues
Selected portfolio: OpenSea, SuperRare, dYdX, MakerDAO, Hop Protocol, Polymarket, Bitcoin, Ethereum, Polkadot, Filecoin, Cosmos, Osmosis, Coinbase, Farcaster, Worldcoin.
The thesis
Decentralizing the web — and society with it.
Since 2017, 1confirmation has backed exceptional founders fueling the decentralization of the web and society. The thesis has not moved: open networks take power that once pooled in institutions and hand it to the masses — in finance, in media, in art.
Culture came first. The firm made early bets on CryptoPunks and backed Beeple, Pak, SuperRare and OpenSea before NFTs had a single headline — because art is how a new technology becomes something people love.
And no maximalism. Bitcoin, Ethereum, Cosmos, Polkadot — chains are instruments, not religions. Conviction over consensus, every time.
$1B+
Assets under management
82+
Investments since 2017
19+
Exits
#9
Forbes Midas List, Seed (2022)
The portfolio
The gallery wall.
Six works from the wall — 82+ investments seeded since 2017, from marketplaces to prediction markets to whole chains.
The collection
Bought for love, held with conviction.
1confirmation made early bets on CryptoPunks and backed the artists Beeple and Pak before NFTs had a headline — conviction in digital art before the market believed a word of it.
General Partner Richard Chen built Cryptoart.io, the ledger of record that tracked the crypto-art market as it grew past $2B.
The anonymous machine. Minimal geometry, maximal scarcity — Pak turned supply itself into the medium.
Writing
Notes from the curators.
Essays and curator notes from the partners — on open networks, digital art and where conviction comes from.
The partners
Two partners, one thesis.
A deliberately small team — about six people across three continents — run as a Registered Investment Adviser from Palo Alto, California.
Before you leave the gallery
Open networks are empowering the masses.
The 1confirmation newsletter — open networks, digital art, decentralization.