As we’ve discussed before, in the tech world consolidation of activity around specific platforms is a good thing. …

On August 9th, Coinbase launched its highly anticipated Ethereum layer 2 blockchain called Base with the goal of “making Ethereum accessible to everyone”. In its first 11 days, Base would set the record for fastest layer 2 to reach 1 million unique addresses. A month after that, Base would become…

Twelve years ago in September of 2011, the global smartphone market hit an important milestone. For the first time ever, both iOS and Android operating systems crossed over 20% market share each. Smartphone operating systems were still fragmented at this time with 7 different mobile OS’s having over 2% share…

One year ago this month, Gold House, the leading Asian & Pacific Islander (API) change-maker collective, announced our debut $30 million startup investment fund called Gold House Ventures. With the amazing support of pioneers in the API community (including CZ, Eric Wu, Deb Liu, George Ruan, Steve Chen, Tony Xu…

On November 18, 2021, OpenAI dropped the waitlist to its large language model platform GPT-3. After more than a year of testing in private beta, the breakthrough technology was finally widely available to all via a public API. Over the next year, GPT-3 would be integrated into hundreds of products…

Royale 2, Cymbal’s second on-chain event on Solana in partnership with acclaimed artist Vinnie Hager and Magic Eden, has just wrapped. Over the past 10 days, participants played an NFT-powered online sweepstakes for the chance to win from a $25,000 prize pool plus an original art piece from Vinnie. …

At Cymbal, we see enormous potential for NFTs on blockchains to provide transformative value across diverse industries such as gaming, finance, and digital media. One industry that is already realizing some of that potential is the art market. From Beeple netting a record $69 million from the Christie’s auction of…

This week, Pitchbook published their latest Emerging Tech Indicator (ETI) report which tracks early stage investment activity amongst the world’s most successful venture capital firms to “gauge which areas of tech are grabbing VCs’ attention”. In Q3, the sector that received the largest amount of VC dollars according to the…

On March 10th, 2000, the NASDAQ Composite Index hit an all time high of 5,048, signaling the peak of the dotcom bubble after growing 6x over the past 5 years. That milestone would unfortunately begin a three year downturn across the entire Internet sector. …