Building a new co on @solana. Chairman @fwdind. Board member @backpack @zama. Prev: Cofounder, Managing Partner @multicoin. Opinions are mine.
Austin, Texas
Joined June 2009
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My one big prediction for EOY 2026
Solana mainnet will rival or exceed all major CEXs for majors for spot and perps
👀
Anthropic pre-IPO perpetuals are now live on Phoenix.
Go long or short ANTHROPIC at up to 6x leverage.
phoenix.trade/try/anthropic
GTA3 was a major part of my childhood
After doing 100 taxi missions, you unlocked the ability to make the taxi jump
Now you can do it with a @Tesla Roadster too.
Unbelievable
Kyle Samani retweeted
[Speaker Announcement]
"Solana is becoming the settlement layer for Internet capital markets."
@KyleSamani, co-founder of Multicoin Capital and chairman of @FWDind, joins us at Breakpoint in London, 15-17 November.
There is an answer to this question
Soon!
Arthur Hayes questions where the real money in tokenization comes from, arguing that moving traditional assets onchain still leaves a major unanswered question about profitability
“How much money are you actually going to make”
“I transferred the stock that was sitting in DTCC, and now it's sitting on some blockchain, whatever it is, doesn't really matter”
“How much money can you actually make doing that”
“You're doing better bookkeeping. Thank you. But where are you actually going to make money in tokenization”
“I think that has been the issue with this narrative for a long time”
“If the standard bearer of contrarian thinking for Wall Street Muppets says it's time to buy some tokens, then you buy the fucking tokens”
w/ @CryptoHayes
What are you favorite sources of finance and business analysis online? Please interpret this question as broadly as possible
Examples can include
Stratechery
Semianalysis
Above the crowd (bill gurley's blog)
Berkshire letters
Oaktree letters
a16z and sequoia blogs
Citrini
Not Boring
The Generalist
Benedict evans
asymco
etc
A few thoughts
1) this is why it’s important to think about blockchains both as trading and payment systems
Payments propagate money. Which increases availability for trading
2) 99% of people thought that @toly ‘s initiatives around phones were dumb. I also thought the same thing for a while
The work that made this announcement possible was the early work on the Solana Mobile Stack
Expect a lot more of these types of announcements to come
Alex is an absolute killer
Kyle Samani retweeted
Armani Ferrante on Backpack’s regulated, unified market structure at #TOKEN2049.
“We have a single platform that everything is going to plug into. International, Japan, Europe, US. Single layer that bridges kind of DeFi and TradFi in a way that nobody’s done before.”
“We want to be this regulated backbone, not just for our own products, but for the entire Solana ecosystem.”
TIL that @Backpack Securities already exceed the volume threshold for the innovation exemption
And Backpack securities is still in what I would consider play mode. Will graduate to adult mode soon though!
Excited to have this TSV collaboration between @ICE_Markets and @okx launching as a Uniswap v4 hook
v4 hooks are the ideal market structure for TSVs which will bring new assets and users to the protocol
okx.com/cdn/assets/files/261…
Kyle Samani retweeted
easily the best financial superapp rn
right now there’s honestly nothing better than Backpack’s all in one app, everything you need is in one place/click
– buy and sell real stocks (real stocks/dividends included)
– buy and sell crypto
– use your crypto, stocks and stables as collateral
– card that earns you APY
– the best wallet out there
– no VCs, and token unlocks tied to the team actually delivering
If you haven’t tried it yet, you should definitely give @Backpack a chance
fock it 🎒
Forward!
THE BLOCK: Forward Industries increased its Solana treasury by nearly 949,000 SOL during the last quarter, bringing total holdings to 8.5 million SOL, or roughly 1.4% of the circulating supply.
The company said the solana:So11111111111111111111111111111111111111112 added during the quarter came at an average cost of $83.
Kyle Samani retweeted
A token launch is the starting line.
“You don’t get rich as a founder unless you do something amazing.”
Our goal is to build Backpack into a pillar of the world’s economy. We have to earn that outcome the same way the best Silicon Valley companies do: by building something that matters.
@armaniferrante on the commitment and alignment behind Backpack.