by: Trace — Zero-knowledge proofs (ZKPs) allow a party to prove a statement to another party without revealing any additional information beyond that the statement is true. Though this cryptographic primitive has existed since the 1980s, it wasn’t until the emergence of blockchain technology that ZKPs found practical applications including blockchain scalability, privacy…

by: Trace and Velvet — Acknowledgments: Special thanks to Zygis Magelinskas (Skip Protocol), Jenny Shek (Figment), Saad Asif (Figment), and Silviu Gae (Bware Labs), whose insights and perspectives helped contribute to this report. Overview Sui Testnet Wave 2 (‘Wave 2”) ran from January 25th to February 15th, 2023. To better understand the network, our team monitored…

By Trace and Velvet Figment Inc. operated a validator node for Sui Testnet Wave 1, which ran from November 10 to December 3, 2022. To better understand the network, our team closely monitored our validator and the testnet communications channel and analyzed on-chain data. On-chain data was collected by indexing…

Figment Capital launched in August 2021 in the heat of the bull market. We spent our first year building on Figment’s reputation as an institutional-grade staking provider and establishing ourselves as an expert Web3 infrastructure venture fund. After successfully making 50+ investments into many of the most competitive Web3…

Dear Figment Capital Friends, Family & Community, The events of the past two weeks in crypto have been shocking to observe and monitor. Before sharing our thoughts about what transpired, and the impact to the market and our industry, we want to extend our sympathies to everyone impacted. Decentralization Reigns…

Figment Capital is pleased to announce our continued support of Celestia in its recent $55m combined Series A and B fundraising round. The additional capital will help the Celestia team drive the web3 industry toward a modular future. …

We’re excited to announce Figment Capital’s participation in Mysten Labs’ $300M Series B round. This fundraising round is the result of over a year’s worth of hard work from their team and we congratulate them on this milestone. Figment has worked closely with Mysten Labs’ team for months as a…