Aether Capital · Ethereum

Investing in the
Ethereum Economy

2021
Deploying Capital Since
30
Investments
144
Artworks Owned
est. 2021 · Ethereum
The Macro Thesis
Ethereum — Daily Transaction Volume
Live 100% Up-time Since Inception
—
Total Days Active
—
Years
—
Months
—
Days
—
Hours · Min · Sec
Since the genesis block · 30 July 2015 · zero unscheduled downtime
Protocol Fee Dashboard
Validator Economy Consensus & execution rewards · node geography · monthly snapshot
Refreshed monthly from ethernodes.org · consensus-layer ENR crawl Source: ethernodes.org · © bitfly explorer gmbh
Three Mandates

Where We
Allocate

We deploy capital across three areas.

Early Stage
Venture

Backing founders across the Ethereum Economy — infrastructure, protocol, and application layer.

Writing $50k–$100k checks, plus deep operational support.

Pre-seed → Series A Learn More
01

Liquid Token
Markets

Our mandate extends beyond Ethereum and includes a number of assets on different chains as well as other L1 allocations.

Opportunistic · Multi-chain Learn More
02

Ethereum
Native Art

A curated archive of Ethereum-native art spanning generative, audio visual, AI, photography, and phygital.

Acquired for their cultural significance and technical craft.

The Aether Collection Learn More
03
Venture Portfolio

Investing Across
Ethereum

Aether Capital's origins lie in angel investing and supporting Ethereum's largest DeFi and infrastructure projects. While the scope of Aether has expanded since 2021, our superpower is supporting entrepreneurs from their earliest days as they scale to the masses.

Ethena
Morpho
Ether.fi
EigenCloud
Flashbots
Symbiotic
OneBalance
Espresso
Kiln
Optimum
NuConstruct
ETHGAS
ZeroDelta
Rated
Spire
Axiom
Caldera
RockSolid
Rio
Astria
Nil
Credibly Neutral
Blink
Diffuse
The Aether Collection

Ethereum
Native Art

The Aether Collection is focused on the long-term collection and curation of native art on the Ethereum network.

Founder
Collin Myers
Collin Myers
Founder & Managing Partner

Investing in Ethereum Since 2016

Founder & Managing Partner, Aether Capital Founder, Obol Labs · Co-founder, Obol Collective New York & Lisbon
Full Biography ↗
The Collection
The Aether Collection

Ethereum Native Art

A curated archive of generative, audiovisual, photography, and phygital works minted on the Ethereum network. 144 works collected since 2021.

Collin Myers
Collin Myers
Founder & Managing Partner
Aether Capital
32+
Investments
150+
Artworks
Founder Biography

Collin
Myers

Pantera Capital
Series A Co-Lead
Archetype
Series A Co-Lead
BlockTower
Series A
Nascent
Series A
Placeholder
Series A
Spartan Group
Series A
IEX
Series A
Coinbase Ventures
Seed & Series A
Ethereal Ventures
Seed & Series A
Delphi Digital
Seed
Figment
Seed · Operator
Blockdaemon
Seed · Operator
Chorus One
Seed · Operator
Total financing: $19M · Series A: $12.5M (Jan 2023)
Ethereum Distributed Validators DeFi Infrastructure Early Stage Venture Generative Art Staking Economics Photography Art Collecting Lisbon · New York
Mandate 01 · Venture

In the Trenches
With Founders

Pre-seed to Series A, across the infrastructure, protocol, and application layers of the Ethereum economy. The check is the starting point.

The Approach

Capital and conviction,
not just a check

Early founders rarely need another introduction to a VC. They need someone who has shipped protocol code, structured a token round, hired across time zones, and sat opposite both regulators and Layer 1 teams.

We write at the earliest stage — when the idea is rough and the team is small — because that is where the relationship counts for most.

Advisory Services

Where Aether
adds value

Every portfolio company gets direct access to Aether's operating experience. Open any line to see what it covers.

Round architecture, SAFE versus priced, cap table design, valuation anchoring, and investor sequencing — built around the stage and narrative of your raise rather than a template.

Hands-on product review from someone who has shipped in this ecosystem. Go-to-market sequencing for crypto-native audiences, and for the crossover moment when everyone else starts paying attention.

Token mechanics, incentive design, supply schedules, and validator economics — from a contributor to Ethereum's Proof of Stake economic model and the original Internet Bond thesis.

First-principles hiring for small teams: writing the right roles, structuring equity, and setting culture before headcount becomes something you cannot undo. Distributed teams are the default here, and cohesion across time zones is a discipline rather than a perk.

What to hold, where to hold it, and how to extend runway without selling at the worst possible moment. Cayman, BVI, and Panama foundation structures designed to hold and deploy capital responsibly, with governance in place from day one.

Warm introductions to counsel, tax advisors, exchanges, and custodians who already understand the space. And the quieter part: building a company is hard in ways nobody posts about. Collin has done it, the conversation is always open, and it stays between us.

Portfolio Benefits

Beyond the
cap table

Portfolio companies get two physical spaces in Lisbon — one for building, one for thinking.

Lisbon Co-Working Space
A functional, well-located base in one of Europe's most active crypto cities — for offsites, founder retreats, or extended working periods, without the logistics.
Lisbon, Portugal
Art House Lisboa Residency
Artists and creators in the portfolio have residency access at Art House Lisboa. No agenda, no deliverables — just space to make work.
Lisboa, Portugal
Venture Portfolio

Investing Across
Ethereum

32 investments across infrastructure, staking, DeFi, and the application layer. From angel checks in 2017 to leading rounds today.

Ethena
Morpho
Ether.fi
EigenCloud
Flashbots
Symbiotic
OneBalance
Espresso
Kiln
Optimum
NuConstruct
ETHGAS
ZeroDelta
Rated
Spire
Axiom
Caldera
RockSolid
Rio
Astria
Nil
Credibly Neutral
Blink
Diffuse
Get In Touch

Building on
Ethereum?

If you're raising your first or second round and building something that matters to Ethereum's long-term infrastructure, Aether wants to hear from you. No deck required to start the conversation.

DeFiLlama · Live

Protocol Fees

Data:
Group:
Chain:
Period:
Top protocols · sorted by 24h fees
# Protocol 24h 7d Avg/day 15d Avg/day 30d Avg/day 90d Avg/day YTD Total 1y Total Δ 1d
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Fee Leaders
Live from DeFiLlama · top ten each
Daily Fees
Last 24 hours
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Annual Cumulative
Trailing 12 months
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Ethereum Cumulative Activity
L1 + every rollup + every application · 24h
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Two Worth Watching
Chain and protocol, tracked separately
Robinhood Chain
Ethereum L2
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Ethena
Synthetic dollar
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Year to Date Cumulative Fees
Jan 1 → today · top ten networks
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Aether Capital

Data: DeFiLlama Public API (defillama.com/fees) · Validator model per protocol issuance curve · Operator data: explorer.rated.network · Not financial advice

Consensus & Execution · Modelled

The Validator Economy

Global Node Distribution
Monthly snapshot · ethernodes.org
Waiting for refresh…
Aether Capital

Data: DeFiLlama Public API (defillama.com/fees) · Validator model per protocol issuance curve · Operator data: explorer.rated.network · Not financial advice

Liquid Token Markets · Live

The Universe

Total Market Cap
—
top 100 assets
24h Volume
—
aggregate
ETH Dominance
—
share of top 100
Advancing / Declining
—
24h breadth
Sort:
Show:
Cycle Favorites
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Asset Price 7d 30d 90d 180d 365d vs ATH Vol 24h Vol 7d avg Vol 30d avg Fees 24h Fees 7d
The Universe
Flag an asset to track it above
Ranked by market capitalisation
# Asset Price 1h 24h 7d 24h Volume Market Cap 7d Trend
Loading market data…
Aether Capital

Data: CoinGecko Public API · Ranked by market capitalisation · Not investment advice

Team

Advisors

Aether draws on a small group of operators and investors who have built inside Ethereum through multiple cycles. They advise on protocol architecture, market structure, and the firm's approach to backing founding teams.

© 2026 Aether Capital · Ethereum · est. 2021

Three Mandates

Where We Allocate

We deploy capital across three areas.

01

Early Stage
Venture

Backing founders across the Ethereum Economy — infrastructure, protocol, and application layer. Writing $50k–$100k checks, plus deep operational support.

Pre-seed → Series A
02

Liquid Token
Markets

Our mandate extends beyond Ethereum and includes a number of assets on different chains as well as other L1 allocations.

Opportunistic · Multi-chain
03

Ethereum
Native Art

A curated archive of Ethereum-native art spanning generative, AI, photography, and phygital. Acquired for their cultural significance and technical craft.

The Aether Collection

© 2026 Aether Capital · Ethereum · est. 2021

Fitted
Opening the archive