Publications

Maven's Insights - April 2022

One of the most important technological developments in our industry, the Ethereum ‘Merge’, meaning the move towards Proof-of-Stake Ethereum, took another step this month with the first mainnet shadow fork going

Maven’s Insights - March 2022

March saw the Ethereum network move one step closer to the much-anticipated ‘Merge’, meaning the move from Ethereum 1.0 with its Proof-of-Work consensus mechanism to Ethereum 2.0 with its Proof-of-Stake consensus

Community, the hardest code to crack for web3 teams

Introduction With the exponential growth of the web3 industry in 2021, the war for attention has truly kicked off. However, this battle is fought on many fronts. For one, teams find it increasingly difficult to

Maven’s Insights - February 2022

February was an eventful month in regards to exploits in the industry. Firstly, the US government was able to seize 3.6 billion USD in Bitcoin that was missing since the massive 2016 hack of crypto exchange

Maven’s Insights - January 2022

The Ethereum Foundation, which is the primary non-profit organization behind Ethereum development, announced that they would formally be renaming ETH2.0, which is the name of the long-awaited Proof-of-Stake

Martijn van Veen joins Maven 11 Capital as partner and director of asset management

AMSTERDAM, Monday 17 January 2022 - Maven 11 Capital, the Amsterdam-founded blockchain and crypto asset investment firm, has appointed Martijn van Veen as a partner and director for its asset management business,

Ten predictions for 2022

The burgeoning of DeFi 2.0 and DAOs, the NFT mania, the pervasiveness of COVID-19, the approval of Bitcoin ETFs are just some of the highlights of an eventful year for our young industry. As the Lindy effect

Recap of 2021 predictions

2021 has been a pretty amazing year for crypto as a whole and while COVID-19 was an unexpected theme for the year 2020, it is still here with us and it looks like it will persist in our daily lives for just a bit

Maven 11 pool on Maple Finance reaches $ 175 million

Strong demand from investors to capture yield from a diversified pool of institutional loans AMSTERDAM, Monday 10 January 2022 – The Lending Pool managed by Maven 11 on the capital marketplace Maple Finance has

Maven's Insights December

This month another milestone in the Ethereum 2.0 development was reached. The first significant merge testnet, called Kintsugi, went live. The merge refers to the fact that Ethereum 1.0 (running on Proof-of-Work)

Victor van Eijk joins Maven 11 Capital

The Amsterdam-based crypto investment firm brings onboard van Eijk as Director Institutional Sales

Maven’s Insights November

Another update regarding one of the main pillars of the crypto economy, Ethereum. This month, the amount of ETH that was burned by the new economic policy of the Ethereum network reached 1M ETH (~4.8B USD). SEC

Maven 11 Capital closes $ 120M crypto venture fund

Second fund offers venture capital to founders in booming sector AMSTERDAM, December 2, 2021 – Maven 11 Capital, the crypto investment firm, closed its second fund, Venture Fund II, at $ 120 million on 30 November.

Maven 11 Capital invests in Anoma Network

Maven 11 Capital is excited to share our new investment in Anoma Network, a new privacy-oriented network that will allow users to privately and asset-agnostically perform bartering transactions. The investment

Maven 11 Capital backs Spectral Finance

Maven 11 is beyond excited to announce our investment into Spectral Finance. Spectral Finance is a protocol for programmable creditworthiness. What this means is that Spectral offers credit scoring based on the

Maven's Insights October

Maven 11 Global Blockchain Venture Fund (Fund II) will have its second and final close on 30th November 2021.

Maven 11 Capital invests in Merit Circle

Maven 11 Capital is excited to announce our investment in the $4.5M seed round for Merit Circle. Merit Circle is positioning themselves as the dominant DAO-of-DAOs for anything gaming and metaverse-related.

Maven's Insight September

In the previous edition of Maven’s Insights we provided a first update on the amount of ETH, the native currency of the Ethereum network, burned under the new economic structure of the network. While last month

Maven 11 Capital invests in Stardust

Maven 11 Capital is excited to announce our investment in the $5M Series A funding for Stardust, led by Framework Ventures. Stardust is an all-in-one platform that streamlines the process of NFT implementation in

Maven's Insight August

As mentioned in the previous edition of Maven’s Insights, August 5th saw the long-awaited ‘London’ upgrade of the Ethereum network take place. The upgrade contained one of the most important improvements to the

Ethereum received its long awaited upgrade and prepares itself for the future

August 5th saw the 12th long-awaited ‘London’ upgrade of the Ethereum network take place. This upgrade contained one of the most important improvements to the network of recent years that may fundamentally change

Maven's Insights July

This month the “London” upgrade of the Ethereum network was agreed upon to take place at block 12,965,000 (which should be the 4th of August). This will be the 12th hard fork (the way to upgrade blockchains) for

Maven 11 Capital invests in Visor Finance

Maven 11 Capital is excited to announce our investment into Visor Finance. Visor is an active liquidity management protocol used on Uniswap V3 that allows liquidity providers to automate their liquidity provision.

Maven 11 participates in the first round RedStone raise

At Maven 11 we are excited to share that we participated in the first ever round of funding for RedStone. The funding from this round will be used to further support Redstone with their mission of becoming the

Maven's Insight June

ARK Investments partners with 21 Shares to market a newly proposed bitcoin ETF. ARK Investments has joined the line of firms waiting for the approval of a Bitcoin exchange-traded fund (ETF). The firm is assisting

Maven 11 joins Maple Finance as a pool delegate

Maven 11 Capital is proud to announce that we will become the second pool delegate in Maple Finance. Maple Finance is a decentralized corporate debt marketplace. In TradFi this market represents well over 10

The Eagle project brings novel solution to the Ethereum gas limit problem

Problem

Maven 11 Capital backs Runtime Verification

Maven 11 Capital is proud to announce that we are backing Runtime Verification in their USD 5.3M funding round which was led by IOSG Ventures. In fact, it was the first outside funding ever for Runtime

Maven 11 Blockchain Venture Fund II raises € 40 million for decentralized finance and Web 3.0

AMSTERDAM - Thursday June 3, 2021 - Dutch blockchain investment fund Maven 11 Capital is taking a big step in decentralized finance (DeFi), an infrastructure built on blockchain technology, and establishing the

Maven's Insights May 2021

VanEck is moving forward with two exchange-traded products (ETPs) related to digital assets in Europe. VanEck listed its Vectors Bitcoin exchange-traded note (ETN) and Vectors Ethereum ETN on the Dutch and France

Maven 11 Capital participates in Flux Protocol seed round

Maven 11 Capital is excited to announce our participation in the seed round of Flux Protocol. Flux is an open data protocol used to transfer off-chain data into blockchains (on-chain). This is critical

Maven 11 Capital participates in Zapper series A

Zapper has just raised a series A round and we are happy to announce we participated in their fundraise. Zapper is a one stop shop front-end application for DeFi users. This fits our thesis perfectly as we believe

Maven 11 Capital invests in PoolTogether

Maven 11 Capital is proud to announce our participation in the latest USD 6M PoolTogether treasury fundraise alongside early backers such as Nascent, ParaFi Capital and new investors like Dragonfly Capital and

Maven 11 invests into Qredo

Maven 11 Capital is thrilled to announce our participation in the seed round of Qredo. Qredo is a cross-chain asset protocol that utilizes Multiparty Computation (MPC). In doing so, it will enable decentralized

Maven's Insights April 2021

The main theme of April was without a doubt the Coinbase direct listing on NASDAQ. The IPO took place on the 14th of April. Coinbase shares, with the ticker COIN, were given a reference price of USD 250 a share. It

Maven 11 invests into Fuji DAO

Maven 11 Capital is happy to announce that we have co-led the USD 1.25M seed round of Fuji DAO together with Delphi Ventures. Fuji DAO is an automated borrowing aggregation protocol. It will automatically and

Maven 11 Capital participates in the private round of NAOS Finance

Maven 11 Capital is happy to announce that we participated in the private round of NAOS Finance. NAOS is a financing solution that allows for collateralization of loans through off-chain assets. The goal is to fix

Maven's Insights March 2021

This month’s Maven’s Insights are special because we are not starting them with more institutional capital being allocated into Bitcoin. Instead, we are kicking it off with big news from the second major digital

Maven 11 Capital invests in Shyft

Maven 11 Capital is excited to share our investment in Shyft Network. Shyft is a distributed verification network. The product Shyft is building will drastically reduce compliance overhead for exchanges, custodians

Maven 11 participates in $890K seed round NFTfi

Maven 11 Capital is thrilled to announce our participation in the seed round of NFTfi. NFTfi is a peer-to-peer lending protocol that allows NFTs to be used as collateral. It is positioned at the intersection of

Maven11 participates in $1.5M seed round of Celestia

Maven 11 Capital is proud to announce that we have participated in the seed round of Celestia alongside an impressive line up of co-investors, angel investors and advisors. Celestia is a pluggable consensus and

Maven's Insights February 2021

Similarly to the previous monthly, we start this month’s Maven’s Insights with more institutional participants entering our industry. This time the biggest player yet comes in, as Tesla announced their USD 1.5B

Maven 11 participates in £1.5m seed round Nayms

Maven 11 Capital is happy to announce our participation in the seed round of Nayms. Nayms is an insurance protocol built on Ethereum which allows for the insurance against the risks in the crypto space including

Maven’s Insights - January 2021

The start of 2021 brought new investments into Bitcoin. Nasdaq-listed Marathon Patent Group announced that it has purchased around 4,813 bitcoin for about $150 million. The investment is part of the company’s

Maven’s Insights - December 2020

Institutional investors had been remarkably active on the Bitcoin market in December. MicroStrategy (MSTR), announced that it has raised $650mln worth of convertible bonds to finance more Bitcoin

Ten predictions for 2021

2020 was a rollercoaster. It is safe to say that this was not the case only for digital assets but for the entire world. Back in early 2020 when we published our ten predictions for 2020 we had no idea that

Best Blockchain Articles

Many people who’ve heard a thing or two about Bitcoin or blockchain ask us for resources to dive a bit deeper into it. There are many excellent articles on a wide range of blockchain related topics.

Maven’s Insights - November 2020

One of the major topics in November was the highly anticipated launch of Ethereum 2.0 (see our publication) which will take place on December 1st 2020. The initial deposit requirement of 524,288 ETH has been

Lending and borrowing in Decentralized Finance

The future of finance – DeFi

Decentralized finance (DeFi) has certainly been one of the major breakthroughs for DLT over the last two years. Therefore, we decided to provide an intro into decentralized finance. Since we already wrote

Introducing asset management protocols

Asset management protocols in DeFi Asset management protocols in DeFi are definitely on the rise and one of the most innovative verticals. These asset managers are partly algorithmic, partly DAO

Introducing Automated Market Makers (AMM)

In this article we would like to focus on the concept of the automated market makers (AMM). They serve as a building block for decentralized exchanges (DEXes) which have been gaining momentum in DeFi.

The future of finance - DeFi

Decentralized finance (DeFi) has certainly been one of the major breakthroughs for DLT over the last two years. Therefore, we decided to provide an intro into decentralized finance. Since we already wrote

US regulator and the FATF travel rule

Earlier this morning the CEO of Coinbase, the largest US based and regulated digital asset exchange, published a series of tweets. He stated that the soon to be leaving US Treasury Secretary, Steve

Ethereum 2.0 launchpad went live

Introduction The launchpad for Ethereum 2.0 went live during election day. This marks the beginning of the official launch of Ethereum 2.0. After years of development and various testnets over the last

Maven’s Insights - October 2020

During these times of historically low interest rates, extraordinary quantitative easing and fiscal measures and exponentially increasing central bank balance sheets, we are starting to see large companies

Maven’s Insights - September 2020

Big news from the regulators in Europe this month. As the European Commission has put forth a comprehensive regulatory framework for digital assets. If passed and made into legislation the framework will turn

Maven’s Insights - August 2020

One of, if not the, biggest investment banks in the world, Goldman Sachs, is making a move into the world of digital assets. They hired Matthew McDermott, previously known as creator of the digital stablecoin

Maven’s Insights - July 2020

The U.S. Office of the Comptroller of the Currency (OCC), the US bank regulator, has announced that US banks will be allowed to hold digital assets for their clients. According to acting comptroller Brian

Market update Q2'20

The second quarter of 2020 has been a wild ride in the blockchain industry. Bitcoin saw a ~44% price increase and other digital assets have also seen a lot of price action this quarter. Overall this

Maven 11 participates in $1 million seed round of Teller Finance

Maven 11 is joining forces with Framework Ventures and Parafi Capital to help Teller disrupt the $215 trillion global debt market. Teller is a decentralized lending startup with an innovative protocol

Maven’s Insights - June 2020

One of the largest asset managers in the world, Fidelity, conducted a survey on digital assets last month. ~800 investors were surveyed among which were pension funds, family offices, hedge funds and financial

Maven’s Insights - May 2020

The Bitcoin halving took place on the 12th of May 2020. The Bitcoin halving refers to the block subsidy per block being reduced by 50% on the Bitcoin network, to an inflation of ~1,9%. Consequently the issued

The Bitcoin halving

Yesterday at 21:23:23 block number 629.999 was mined on the Bitcoin blockchain with a 12,5 Bitcoin block subsidy. This block marked the final block before the halving taking place and the last time the block

Block number 10.000.000 mined

Yesterday block number 10.000.000 was mined on Ethereum. The Ethereum network was first proposed at the end of 2013 and the main network went live in July 2015. Block number 10.000.000 being mined marks

Market Update Q1‘20

What a way to start 2020, we cannot recall the digital asset market making such extreme highs and lows in one quarter. So much has happened over the course of this quarter that one would almost forget

Fundraising in 2020

Startups that are looking for funds might be up for a challenge as COVID-19 turned the world upside down, including the venture capital industry. Our CIO, Balder Bomans , got featured in an article by dGen to

Digital Asset Fund - Update March ‘20

While we were finishing this update markets were ready to open up again on Sunday night for another volatile week in which assets are looking for a bottom after weeks of extreme fear, indiscriminate

Maven 11's ten for 2020

Market Update Q4‘19

In this quarterly update we will recap the fourth quarter of 2019, the year as a whole, and take a preview at 2020. The year 2019 has been a very interesting year on many fronts. A year which is

Fidelity Affiliate invests in our portfolio company Elementus

Maven 11 Capital seed investment Elementus, a startup focused on spotting illicit transactions on the blockchain, announced raising $3.5 million in a follow-up funding round. Among the investors are Morgan

Maven 11 joins funding round Bloxroute Labs

Dutch investment firm Maven 11 Capital is excited to announce their participation in the latest funding round of Bloxroute Labs. Bloxroute is a US-based blockchain startup that aims to solve the

Maven 11 launches a new co-investment vehicle

Dutch investment firm Maven 11 Capital has launched a new vehicle for co-investments, enabling investors to take part in select hand-picked opportunities. “ As a prominent player in this global

The impact of multinationals taking a shot at blockchain

Facebook and JP Morgan are launching major blockchain initiatives. If such corporate giants are entering the blockchain industry, do blockchain start-ups still have a chance to compete? And what does this

Maven 11 bij RTL Z

Maven 11 was featured in the program “How it’s Done” at RTL Z. This video is in Dutch. {% video_player "embed_player" overrideable=False, type='scriptV4',

5 adoption trends for blockchain in 2019

2018 was a turbulent year for blockchain, in which the market saw a strong correction in reaction to the hype of 2017. As price is what media reported on mostly, one might almost forget the fundamental progress

Amara’s Law and a top down view on investing in blockchain

“We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” - Amara’s Law. In 2017 many blockchain projects raised a lot of money on a proof-of-concept

Two trends that usher a more healthy blockchain market

Comparing the second half of 2017 with the second half of this year, we see two important trends in the market that lay the foundation for a more healthy blockchain market. One is the outflow of retail

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