# 1confirmation

> 1confirmation is an early-stage crypto venture fund founded in 2017 by Nick Tomaino, based in Palo Alto, California. It manages $1B+ in assets across three funds and has made 82+ investments in open networks, with a distinctive focus on digital art, culture and consumer crypto. Thesis: "Open networks are empowering the masses."

## Key facts

- Founded: 2017 by Nick Tomaino (early Coinbase employee; Forbes Midas List #9, Seed, 2022)
- General Partner: Richard Chen, creator of Cryptoart.io (the crypto-art data platform that tracked a $2B+ market)
- Assets under management: $1B+ across Fund I ($26M, 2017), Fund II (~$60M) and Fund III ($125M, 2021)
- Investments: 82+ since 2017, with 19+ exits
- Backers (LPs): Peter Thiel, Marc Andreessen, Mark Cuban, Balaji Srinivasan, Brendan Eich, Chris Dixon
- Notable portfolio: OpenSea, Coinbase, dYdX, Polymarket, SuperRare, Farcaster, Worldcoin, Cosmos, Polkadot, MakerDAO
- Digital-art positions made before NFTs were mainstream: CryptoPunks, Beeple, Pak, Meebits
- Team: ~6 people across 3 continents; Registered Investment Adviser
- Mission: Supporting exceptional founders fueling the decentralization of the web and society
- Location: 459 Hamilton Avenue, Palo Alto, California

## Pages

- [Home](https://www.1confirmation.com/): Thesis and featured works
- [Portfolio](https://www.1confirmation.com/portfolio): The full visual gallery of 82+ investments, filterable by category
- [The Collection](https://www.1confirmation.com/collection): The fund's crypto-art identity — CryptoPunks, Beeple, Pak, Meebits, SuperRare — and Cryptoart.io
- [Writing](https://www.1confirmation.com/writing): Essays by Nick Tomaino (thecontrol.co) and the firm
- [Team](https://www.1confirmation.com/team): Nick Tomaino, Richard Chen, the firm story, and contact

## Contact

- Twitter/X: https://twitter.com/1confirmation
- Nick Tomaino: https://twitter.com/NTmoney
- Writing: https://thecontrol.co
- Crypto-art data: https://cryptoart.io