https://ev3.xyz/research/ Research, investor letters, and investment memos from Escape Velocity (EV3), a thesis-driven crypto venture fund. en-us Wed, 05 Feb 2026 00:00:00 +0000 https://ev3.xyz/research/fund-2-letter.html Announcing Escape Velocity's $61.74M Fund II — our vision for the next chapter of crypto-enabled infrastructure. Wed, 29 Jan 2026 00:00:00 +0000 https://ev3.xyz/research/fund-2-letter.html Investor Letter https://ev3.xyz/research/EV3-Q3-25-Investor-Letter-Public.pdf Escape Velocity's Q3 2025 investor letter covering portfolio updates and market outlook. Tue, 15 Jul 2025 00:00:00 +0000 https://ev3.xyz/research/EV3-Q3-25-Investor-Letter-Public.pdf Investor Letter https://ev3.xyz/research/letters/investor-letter-q2-2025 Escape Velocity's Q2 2025 investor letter. Mon, 14 Apr 2025 00:00:00 +0000 https://ev3.xyz/research/letters/investor-letter-q2-2025 Investor Letter https://ev3.xyz/research/letters/investor-letter-q1-2025 Escape Velocity's Q1 2025 investor letter. Thu, 16 Jan 2025 00:00:00 +0000 https://ev3.xyz/research/letters/investor-letter-q1-2025 Investor Letter https://ev3.xyz/research/memos/rumi-preseed-march-2025 EV3's investment memo for Rumi, a video indexing protocol. Sat, 01 Mar 2025 00:00:00 +0000 https://ev3.xyz/research/memos/rumi-preseed-march-2025 Investment Memo https://ev3.xyz/research/memos/skymapper-preseed-january-2025 EV3's investment memo for Skymapper, a decentralized space data network. Wed, 15 Jan 2025 00:00:00 +0000 https://ev3.xyz/research/memos/skymapper-preseed-january-2025 Investment Memo https://ev3.xyz/research/annual-reports/state-of-zk-tls The first comprehensive annual report on zero-knowledge TLS technology and its applications. Mon, 16 Dec 2024 00:00:00 +0000 https://ev3.xyz/research/annual-reports/state-of-zk-tls Annual Report https://ev3.xyz/research/memos/over-the-reality-november-2024 EV3's investment memo for Over the Reality (OVR), an augmented reality platform. Fri, 01 Nov 2024 00:00:00 +0000 https://ev3.xyz/research/memos/over-the-reality-november-2024 Investment Memo https://ev3.xyz/research/memos/bittensor-double-down-august-2024 EV3's follow-on investment thesis for Bittensor. Thu, 01 Aug 2024 00:00:00 +0000 https://ev3.xyz/research/memos/bittensor-double-down-august-2024 Investment Memo https://ev3.xyz/research/memos/daisy-preseed-august-2024 EV3's investment memo for Daisy, an influencer marketing protocol. Thu, 01 Aug 2024 00:00:00 +0000 https://ev3.xyz/research/memos/daisy-preseed-august-2024 Investment Memo https://ev3.xyz/research/zk-tls-insurgent-technology Analysis of zero-knowledge TLS as a breakthrough technology for verifiable web data. Mon, 01 Jul 2024 00:00:00 +0000 https://ev3.xyz/research/zk-tls-insurgent-technology Research https://ev3.xyz/research/depin-restaking Research on liquid staking and restaking mechanisms for DePIN networks. Sat, 01 Jun 2024 00:00:00 +0000 https://ev3.xyz/research/depin-restaking Research https://ev3.xyz/research/depin-staking-medallions Analysis of staking models in DePIN networks through the lens of NYC taxi medallions. Wed, 01 May 2024 00:00:00 +0000 https://ev3.xyz/research/depin-staking-medallions Research https://ev3.xyz/research/dewi-2025-update Updated analysis of the decentralized wireless investment thesis. Mon, 01 Apr 2024 00:00:00 +0000 https://ev3.xyz/research/dewi-2025-update Research https://ev3.xyz/research/decentralized-computes-final-frontier Research on the verification problem in decentralized compute networks. Fri, 01 Mar 2024 00:00:00 +0000 https://ev3.xyz/research/decentralized-computes-final-frontier Research https://ev3.xyz/research/influencer-marketing-networks Analysis of decentralized influencer marketing networks — Applovin for Influencers. Thu, 01 Feb 2024 00:00:00 +0000 https://ev3.xyz/research/influencer-marketing-networks Research https://ev3.xyz/research/letters/Advertising_from_First_Principles/ EV3's core thesis on crypto-native advertising, attention economics, and the advertising value chain. Mon, 01 Jan 2024 00:00:00 +0000 https://ev3.xyz/research/letters/Advertising_from_First_Principles/ Research https://ev3.xyz/research/memos/bittensor-ai-crypto-april-2023 EV3's original investment memo on Bittensor, a decentralized AI network. Sat, 01 Apr 2023 00:00:00 +0000 https://ev3.xyz/research/memos/bittensor-ai-crypto-april-2023 Investment Memo https://ev3.xyz/research/letters/DeWi_Beyond_Networks/ EV3's foundational thesis on Decentralized Physical Infrastructure Networks (DePIN). Sun, 01 Jan 2023 00:00:00 +0000 https://ev3.xyz/research/letters/DeWi_Beyond_Networks/ Research https://ev3.xyz/research/letters/DeWi_Unit_Economics/ EV3's original thesis on decentralized wireless network economics vs. incumbent telcos. Sat, 01 Jan 2022 00:00:00 +0000 https://ev3.xyz/research/letters/DeWi_Unit_Economics/ Research