A look at the top VCs behind Plasma: What other major airdrops does Founders Fund hold?

Chainfeeds Guide:

In a market fatigued by fleeting MEME narratives and once again seeking sustainable value, the investment playbook of Founders Fund offers a clear and proven path.

Source:

Author:

Mars Finance

Opinion:

Mars Finance: The success of Founders Fund in the field of crypto investment is not accidental, but stems from a clear investment philosophy and decision-making system. Behind this are two core figures with complementary roles: Peter Thiel and Joey Krug. Thiel is the founder and spiritual leader of the fund. The contrarian thinking and pursuit of monopolistic technology he emphasized in "Zero to One" form the fund's top-level logic. He has long insisted on building a new generation of financial networks independent of traditional systems, so his investment perspective always focuses on underlying protocols and infrastructure that can reshape the industry landscape, rather than short-term trends. In contrast, Krug is a typical "crypto OG." He is the co-founder of the decentralized prediction market Augur and later served as co-CIO of Pantera Capital, with extensive experience in building and investing in DeFi projects. He places great importance on the team's shipping velocity, that is, whether ideas can be continuously turned into products. It is precisely the combination of Thiel's top-level design and Krug's frontline insights that has established Founders Fund's unique advantage in crypto investment: capturing macro trends while accurately selecting teams capable of riding those waves. Their investment style can be summarized in three points: prioritizing infrastructure, early involvement, and focusing on high-potential projects. According to this investment doctrine, there are a number of high-potential projects in Founders Fund's portfolio that are considered worthy of close attention. First is Polymarket, the leading decentralized prediction market, with consistently high daily trading volume and active user numbers. The market generally expects its token issuance to be inevitable. Combined with the warrants mentioned in its SEC filings and the recent positive signals from the CFTC, Polymarket's retrospective airdrop could become the next major industry event. Next is Sentient, a decentralized AGI network project attempting to break the monopoly of AI giants with blockchain, whose vision is highly aligned with Thiel's long-termism. Its $85 million financing provides strong support for future community incentives and airdrops. Third is N1 (formerly Layer N), a high-performance rollup network focused on financial applications. Token issuance by L2 projects has become an industry norm, and N1's airdrop is highly likely to be closely tied to its testnet and early interactions. Fourth is Opensea, the OG of NFT marketplaces. Although airdrop rumors have persisted for years without materializing, in the face of competitors like Blur and LooksRare, community governance and retrospective airdrops remain the most likely path. In addition, there are a number of infrastructure projects such as Caldera (RaaS platform), Citrea (Bitcoin L2), and Helius (Solana ecosystem API provider), all of which are highly likely to eventually share protocol value through tokenization. The investment logic of Founders Fund is particularly enlightening at present. In a cycle where MEME narratives are gradually losing steam and the market is once again seeking sustainable value, this playbook clearly points to infrastructure first, driven by revolutionary narratives. The explosive popularity of Plasma is a typical example; it not only proves the foresight of Founders Fund but also validates its philosophy of investing at the deepest level and holding for the long term. From Polymarket to Sentient, to N1 and Opensea, Founders Fund continues to bet on key projects that can change the industry landscape and have high airdrop potential. For ordinary participants, following the footsteps of smart money is essentially learning an effective methodology for discovering long-term value. This list not only provides direction for research and participation but also reminds us that risk and opportunity always coexist. Those that can truly weather bull and bear markets are the projects committed to solving core problems and building strong ecosystem moats. Airdrops are only the beginning of the wealth effect, but whether one can seize the main line of infrastructure + long-termism will determine who can accumulate real value in the next cycle.