Publications
- _Research
Last year, we shared our predictions about what could shape the year ahead. This time, we’re taking a different route. Rather than claiming to know what the future holds, we want to share what we hope to see: a 10-point wishlist of ideas, problems, and products we’d love founders to take on in 2026. By anchoring these reflections, we gain a nuanced understanding of where the next set of meaningful opportunities may emerge across Infrastructure, DeFi, and Consumer – and in how evolving regulation will shape the ground beneath them.
- _Research
A central question has emerged for DeFi investors and founders alike: Do fundamentals truly matter when it comes to DeFi token valuations, or are prices still largely driven by speculation and broader crypto market sentiment? As the space matures and institutional participation grows, there is an increasing expectation that price discovery will begin to reflect real usage and revenue, much like traditional equity markets eventually anchor to fundamentals. To explore this, we developed quantitative models based on a broad dataset to systematically analyze whether, when, and how fundamentals play a role in DeFi. The models reveal patterns supporting the current “revenue meta” narrative gaining traction across the ecosystem.
- _Investments
We’re excited to announce that Greenfield is leading Self’s $9M seed round. Self is building the open, privacy-preserving identity layer for the internet. With AI agents now acting online and transacting on-chain, the distinction between humans and machines is fading fast – the need for a solution like Self has never been more urgent.
- _Investments
We’re excited to announce that Greenfield is leading Semantic Layer’s $1.5M Series A funding round, which brings the total funding to $5M. Semantic Layer is building the execution and sequencing infrastructure for the Agent Economy. As autonomous AI agents begin to transact, trade, and collaborate on-chain, Semantic Layer gives dApps and agents sovereignty over how these interactions are executed, empowering them to define transaction sequencing, capture MEV fairly, and design entirely new economic primitives.
- _Investments
Throughout history, stores of value earned trust by being useful first – land fed people, cattle worked fields, gold enabled trade. Bitcoin, worth over $2.2T, has value but little utility. BitcoinOS (BOS) changes that, making bitcoin programmable, productive, and connected to real economic activity. We’re excited to have led their $10M strategic raise, which was announced last week ahead. With $BOS now listed on major exchanges including Binance and Kraken a new chapter begins – one where bitcoin finally works for the world, not just waits.
- _Investments
We’re excited to share that we’ve built a position in peaq, the infrastructure layer for machines, robots and connected devices. This investment reflects two of Greenfield’s core theses: first, that the Machine Economy – where autonomous robots, machines and devices act as economic agents – will become one of the defining drivers of blockchain adoption; and second, that the future of crypto infrastructure lies in purpose-built, application-specific blockchains rather than generalized, one-size-fits-all networks. Alongside the investment, Greenfield operates a validator through Greenfield Labs, further aligning our long-term commitment to the network’s growth.
- _Research
Web3 doesn’t have a tech problem. It has an interface problem. Mainstream adoption won’t be unlocked by better protocols – it will be driven by better design. This deep dive explores why mobile is the key to onboarding the next billion users into Web3. From Robinhood’s behavioral revolution to the rise of embedded wallets, smart contract accounts, and crypto-native smartphones, we unpack how the mobile experience is transforming not just how users interact with finance but also who gets to participate in it. If DeFi is to scale, it must leave the desktop behind.
- _Investments
We’re excited to announce that Greenfield is leading Rebind’s €1.6M pre-seed funding round. Rebind aims to make self-custodial crypto investing feel as natural and easy as using any modern fintech app.