I'd love to dive into the thesis that I think a lot of people know you guys for, which is the modular blockchain thesis. Can you walk us through how you approach thesis formation and whether there's been any major changes to your thesis since the beginning of May 11 to today? In general, obviously you have a thesis, but we're also a seed fund, right? So in general, our thesis is also derived by the founders we back and where we see them having their interest in building. And they also educate us and we sort of return and align our thesis with what they're doing. It was more like, hey, we saw these three founders, Ismail, John,

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