1confirmation

Nick Tomaino, a partner at 1confirmation, stated that 1confirmation has participated in all rounds of financing for Polymarket to date and has decided to increase its investment again. Although the fund focuses on seed-stage investments and typically does not participate in later-stage financing, it believes that Polymarket is worth breaking this investment convention.Nick Tomaino mentioned that there has been a demand for prediction markets for over a century, as users wish to place bets on events in politics, culture, and more. In the age of AI, one of the biggest challenges faced by young people is discerning the truth of information, and prediction markets can transform users' trading and investment enthusiasm into more accurate information.He emphasized that the long-term value of Polymarket is not just in sports betting, but in providing a more effective information discovery mechanism for political, geopolitical, and cultural events. Currently, while the U.S. market is primarily focused on sports trading, the accuracy of information is what gives prediction markets their more enduring value.Additionally, he believes that Polymarket's business is continuously upgrading, with the current management team performing excellently, and the products in the U.S. market are at an industry-leading level, with revenue consistently reaching new highs. Regarding the token program, he stated that while he did not fully agree with some of the related promotional methods previously, it is unreasonable to assert that the token program has lost its potential.Finally, Nick Tomaino stated that Polymarket founder Shayne has a strong desire for success and is one of the most direct and transparent people he knows.

Nick Tomaino, the founder of 1confirmation, posted on the X platform stating that the investment value of ETH lies in its nature as a trustworthy and neutral store of value, representing the only opportunity on this planet that could potentially reach a scale of over $100 trillion. Currently, the market size of Ethereum is only about $300 billion, which theoretically means there is still a 333-fold increase potential.In the current market, only ETH and BTC are competing for the positioning of "trustworthy and neutral store of value," while all other tokens are essentially "company coins"—prices are driven up by insiders, tied to specific jurisdictions, and heavily reliant on business development (BD) and top-down marketing. Ethereum is also the ecosystem with the strongest social scalability in the crypto space. Serious developers do not want to build applications on your L1; what they seek is greater control and better economic benefits.Robinhood Chain, as an L2, proves this point—it expands the network effects of EVM on one hand while also promoting the distribution of ETH on the other. Nowadays, many early participants of ETH have also started using Robinhood Chain, further reinforcing the overall network effect.

Nick Tomaino, founder of 1confirmation, commented on the AI investment fund Situational Awareness regarding the recent discussions surrounding the fund, reflecting a long-standing issue in the investment community: many so-called "elites" and "smart money" lack basic risk judgment capabilities.Tomaino stated that he does not understand all the details of the incident and does not wish to comment on the specific liquidation process, but he believes that a deeper issue is that many investors, driven by wealth and attention, gradually ignore facts, risks, and judgments about others.He cited the collapse of FTX as an example, noting that many people could sense something was off after brief interactions with the founder, but a large amount of "smart money" chose to continue investing and endorsing it in pursuit of returns and market narratives.Tomaino pointed out that the founders of Situational Awareness and the investment circles supporting the fund exhibited similar phenomena: investors of the same type chased grand narratives, provided funding, and promoted publicity, but ultimately the fund fell into trouble due to high-risk bets and market reversals. Industry participants learned lessons to avoid repeating the cycle of "chasing trends—ignoring risks—collectively stepping on landmines."

Nick Tomaino, founder of 1confirmation, stated on the X platform that bringing real-world assets (RWA) on-chain will become an important direction for driving the next phase of development in the cryptocurrency industry and is expected to lead to large-scale consumer adoption. The core value of bringing RWA on-chain lies in enabling global users to access asset classes that were previously difficult to obtain. "Global accessibility" has always been one of the most attractive features of the cryptocurrency industry and is also a key reason for the success of crypto assets like Bitcoin and Ethereum.Nick Tomaino believes that crypto assets that drive new behaviors and are built on concepts that go beyond mere monetary value will continue to exist in the long term. However, as the market gradually realizes that the cost of creating tokens is close to zero, the model of relying solely on token issuance to drive price increases is difficult to sustain. The growth cycle of many "speculative tokens" is coming to an end, and the market will enter a new growth phase driven by tokens backed by real assets. Currently, stablecoins have become the most mature case of RWA applications, and in the coming year, the on-chainization of assets such as stocks, commodities, government bonds, corporate bonds, and real estate is expected to accelerate further.Nick Tomaino mentioned that on-chain physical collectibles (such as sports cards and jerseys) could become one of the most worthwhile directions for building and investing in RWA today. As the speculative-driven token cycle gradually recedes, on-chain assets supported by real assets and practical use cases will be key to attracting the next batch of users into the cryptocurrency market.

In a letter to LP for Q2 2026, 1confirmation partner Nick Tomaino stated that the total cash dividends of the entire fund amounted to approximately $317 million, exceeding the total contributions of all funds of approximately $286 million.

Financial technology company Ruvo has completed a $4.6 million financing round, led by 1confirmation, with participation from Coinbase Ventures, Rebel Fund, Blast, Neer Ventures, First Check Ventures, and Mission Street Capital.Ruvo integrates Pix, stablecoins, bank transfers (ACH/wire), and Visa into a single application.

1confirmation announced that it has begun investing from its fourth fund (Fund IV) and will intensify support for the best early-stage crypto entrepreneurs.The firm stated in a declaration that they established the first crypto venture capital fund 10 years ago, firmly believing that cryptocurrency would empower people and bring more freedom to the world, "and this is happening. Looking forward to the next 10 years."

1confirmation founder Nick Tomaino posted on the X platform, stating that prices are honest, while narratives are deceptive. The discussion around insider trading is quite complex; although insider trading is often viewed negatively, its essence is trading based on more accurate information. Allowing insider trading can help prices converge more quickly to their true value, benefiting the entire market and bringing more truth.Currently, the SEC prohibits insider trading in the securities market, theoretically to enhance public trust, yet Nancy Pelosi has made $130 million in the stock market during her 37-year political career. Meanwhile, the CFTC does not prohibit insider trading in commodities and futures in the same way, unless it involves fraud or manipulation; trading futures and commodities based on significant non-public information is legal. The development of prediction markets remains to be seen; those who wish to control the market will promote the harmful narrative of insider trading, but a free market and more truth are the better choices.

1confirmation founder Nick Tomaino posted on the X platform that the total market capitalization of cryptocurrencies is currently $3.1 trillion (a 14% decline over the past year), but back in 2009, this number was 0. For the crypto industry, 2025 signifies the end of an era of easy profits: venture capital has raised the stakes, Meme coins and DAT have declared failure. However, last year marked the first time in the history of the cryptocurrency industry that products not reliant on token speculation outperformed others, such as Polymarket and stablecoins. In the future, to achieve excess returns, it will be necessary to develop and utilize such products.There are three constants in the crypto industry: 1. One must see through the nature of fraudsters; 2. The decline in institutional trust and the increasingly important macro trend of the internet are real, and there are investment opportunities in credible neutral currencies; 3. Only two cryptocurrencies have credible neutrality: Bitcoin (BTC) and Ethereum (ETH).

1confirmation founder Nick Tomaino posted on the X platform, stating that Silicon Valley venture capital firms have been trying to dominate the entire cryptocurrency industry, and to some extent, they have succeeded. However, most venture capital firms failed between 2021 and 2023 because they invested a lot of money into zero-sum game projects that, while attracting retail investors' attention, provided no benefit to the world.Today, Silicon Valley venture capitalists are running out of steam, as evidenced by their overwhelming promotion and shoddy products. Bitcoin and Ethereum have never received investments from Silicon Valley venture capital, yet they have a total value of over $2.5 trillion and dominate the cryptocurrency market.

ChainCatcher news, according to Decrypt, the prediction market platform Limitless Exchange has announced the completion of a $10 million seed round financing, led by 1confirmation, with participation from Collider, F-Prime, DCG, Coinbase Ventures, Node Capital, and Arrington Capital.The new round of financing will be used to accelerate product iteration, expand shorter cycle market types (such as 15/10/1 minute markets), increase user growth scale, and explore specific jurisdiction licensing qualifications to ensure global compliance development. These initiatives will solidify Limitless's unique position at the intersection of finance and prediction markets.

ChainCatcher message, the founder of the crypto venture capital firm 1confirmation, Nick Tomaino, commented on "Base considering issuing a token," stating, "If done correctly, BASE will immediately become one of the top five cryptocurrencies by market cap. No VCs, no insider trading, transparent airdrops to developers and users based on usage. This is the most successful tokenless chain in history, and the airdrop will become rocket fuel."

ChainCatcher news, according to Techfundingnews, the crypto-native game studio GLHF announced the completion of a $2.3 million funding round, led by 1 confirmation, with participation from several angel investors in the cryptocurrency space.The new funds are intended to expand the scale of its flagship crypto game Gigaverse and to develop new game features.

ChainCatcher message, Nick Tomaino, founder of the crypto venture capital firm 1confirmation, stated on social media, "The fatal flaw of the strategy is that Michael Saylor holds 10% of the company's shares but controls 45% of the voting rights, while the company holds 3.3% of the total Bitcoin supply, and he appears daily in the media as a 'Bitcoin spokesperson.' Wall Street clearly does not want him to become richer.In contrast, Tom Lee's shareholding is far less than Michael Saylor's, and companies like SBET, ETHZ, and GAME are making progress, with no one monopolizing Ethereum holdings. This is also why Wall Street and the public will support ETH in a way that is different from BTC."

ChainCatcher news, 1 confirmation founder Nick Tomaino posted on X platform that he believes ETH will reach $40,000 by 2030.He pointed out that the U.S. government is betting the future of the dollar on stablecoins, S&P 500 companies are building L2 to attract users into the Ethereum ecosystem, on-chain trading and lending of RWA, fungibles, and NFTs are in the early stages, prediction markets are integrating into culture, and on-chain gaming is attracting new users. These are all factors supporting his prediction.

ChainCatcher news, 1confirmation founder Nick Tomaino posted on the X platform: "To my knowledge, the 1confirmation NFT Fund is currently one of the largest institutional investment tools for purchasing NFTs, but 1confirmation should not only have this one tool; there will be more funds available for deployment in the NFT market."

ChainCatcher message, 1confirmation founder Nick Tomaino stated today that the team firmly supports Ethereum, as the entire industry cannot continue to move forward without it. He emphasized that the values of trustworthiness, neutrality, open source, and permissionless innovation must be continuously inherited and spread.Tomaino pointed out that some current popular trends, such as venture capital chains and corporate adoption of Ethereum treasury strategies, while not directly related to the aforementioned values, do not mean they are bad. He quoted Hal Finney's perspective from 33 years ago: "Computers can be used to liberate and protect people, not to control them."

ChainCatcher news, 1confirmation founder Nick Tomaino posted on the X platform, pointing out that the value of ETH held on Coinbase's balance sheet has exceeded $335 million, and predicted that institutions like Robinhood may follow this allocation strategy. He believes that, although still in the early stages, competition around ETH's Layer 2 has already begun.

ChainCatcher news, 1confirmation founder Nick Tomaino stated that the cryptocurrency exchange Coinbase currently has a market capitalization of $95 billion, accounting for about 11% of JPMorgan's market value, and its market value has increased by approximately 12% since its IPO.He also mentioned that Coinbase's days as a company with a market capitalization below $100 billion are numbered, predicting that the company's market value is expected to grow further.