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Why Our Investment Thesis Hasn't Changed | Avichal Garg, Haseeb Qureshi

Empire

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The Decentralized Ethereum Ecosystem

I think the really interesting place right now is actually on the token side because there's so many things that have launched that are pretty decentralized. But it turns out by virtue of them being so early stage, you're often talking like two, four, six million dollar kinds of raises. The way we always describe it in sort of an ETH context since that's commodity is we're kind of at like 2017 prices. If you were excited about ETH back then buying a 1400, then it's massive to your point. You should love it at 1500, five years later, when all the stuff that was vaporware is actually real. Like L2s exist, USDC, stablecoins, De

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