Blockchain

Forgd is Reinventing Web3 Advisory with Free Tools for Tokenomics Design, Liquidity Monitoring, and Token Cap Table Management

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    New York, NY, September 3rd, 2024, Chainwire

    Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd eliminates financial barriers associated with traditional Web3 Advisory and consolidates an otherwise fragmented services industry built to support blockchain projects as they issue a token.

    A token launch involves complex challenges, prompting many blockchain projects to hire multiple external advisors for tasks like tokenomics modeling, market maker engagement, and exchange listing. These engagements can be costly and often lead to operational inefficiencies, given that few advisors operate an end-to-end process. Forgd addresses these challenges with free software tools for executing all vital go-to-market activities and optimizing token performance post-launch. This “self-service” approach to Web3 advisory allows teams to execute at their own pace.

    “Many of the tasks involved in a token launch are outside the expertise of a typical tech founder, which is why we created a set of tools to streamline and simplify the process in an end-to-end application,” said Shane Molidor, CEO and Founder of Forgd. “Forgd was built in response to the recurring needs of founders we’ve observed in Web3. Our DIY software tools not only reduce costs but also allow teams to concentrate on product innovation rather than specialized capital market activities.”

    Shane Molidor is a 10-year cryptocurrency veteran who formerly operated as CEO of AscendEX, Head of Trading at FBG Capital, and Business Development Associate at Gemini. Forgd recently enhanced its capabilities by acquiring Tokenomics DAO, a research institution focused on tokenomics and novel protocol design. 

    For blockchain projects that haven’t yet launched their token, Forgd helps them design tokenomics, conduct cash flow analysis & prepare for fundraising, secure partnerships with market makers & exchanges, and navigate administrative tasks such as offshore company formation. For projects with a live token, Forgd provides tools for monitoring market maker performance & token unlocks, automated token streaming, and even non-custodial liquidity provision.

    In a strategic move, Forgd has aligned with the Solana Foundation to provide select tools exclusively for projects built on the Solana blockchain. This collaboration underscores the Forgd commitment to supporting scalable blockchain ecosystems and fostering project growth.

    “We are thrilled to collaborate with the Solana Foundation to offer our tools to Solana’s vibrant developer ecosystem,” said Florian Strauf, CTO of Forgd and Founder of Tokenomics DAO. “This strategic alignment highlights our dedication to creating public goods to support blockchain entrepreneurs, and we look forward to partnering with other blockchain base layers to create comprehensive cross-chain support.”

    Forgd reports that over 250 projects have already benefited from using its pioneering tools, such as “AMM²”, a non-custodial market making protocol that empowers projects to act as their liquidity provider across all major exchanges with automated rebalancing.

    “The positive response since our private beta launch in Q1’24 has been overwhelming,” commented Shane Molidor. “Our team is motivated to continue innovating and developing new tools to empower Web3 entrepreneurs aiming to launch and scale projects of their own.”

    For more information about Forgd and its services, users can visit Forgd.com.

    About Forgd:

    Forgd is a token advisory and optimization platform with free software tools for blockchain founders to launch and scale their projects.

    Operating as a public good, Forgd is reinventing Web3 advisory by providing blockchain projects free access to specialized capital markets tools such as tokenomics modeling, liquidity monitoring, cap table management, exchange listing, and financial planning. In addition to its self-service software tools, Forgd offers tailored consulting services for teams seeking extra guidance. This approach allows Forgd to service a broad spectrum of blockchain projects ranging from DIY enthusiasts to those who prefer white-glove support, ensuring accessibility and expert assistance are readily available.

    www.x.com/forgd_

    Contact

    Marketing
    Dan Mulligan
    Forgd
    dan@forgd.com

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    Costanoa Ventures Closes Oversubscribed Early-Stage Fund, Expands Investments in AI-Enabled B2B Tech

    2024-09-18T14:11:37Z

    Firm surpasses $2 billion in total assets under management as it targets AI-enabled SaaS, AI & Data Infrastructure, Cybersecurity, Fintech and Defense Tech sectors with promotion of new general partner

    SAN FRANCISCO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Costanoa Ventures, a boutique early-stage venture capital firm, today announced the successful close of two new funds: Costanoa Fund V, a $275 million early-stage fund, and Opportunity Fund III, a $119 million fund for investing in later rounds of its early-stage winners. With these additions, the firm’s total assets under management now exceed $2 billion.

    Costanoa invests as early as Day One in Seed and Series A startups in high-growth sectors across AI-enabled SaaS, Cyber- and National Security and Fintech. In recent years, the firm has doubled down on critical sectors that lay the foundation to grow and scale AI’s use in business.

    "Our goal has always been to be the best possible partner to incredible founders building extraordinary companies that can solve big problems,” noted Greg Sands, Costanoa's founder and managing partner. “The huge leaps forward we're now seeing in AI make this a tremendous time to be an early-stage investor.”

    In Fund V, Costanoa has continued to expand its focus on Cybersecurity and Defense Tech. Costanoa also announced that John Cowgill has been promoted as its newest General Partner. Cowgill has built Costanoa’s cybersecurity and space practices and has led investments in category standouts like AppOmni, Cyberhaven, Muon Space and Kepler Communications.

    “Costanoa is building the most founder-aligned early stage venture firm in the industry. I couldn’t be more excited for the extraordinary companies we’ve partnered with and the amount of innovation that still lies ahead,” said Cowgill.

    One of the firm’s standout investments in Defense Tech is Vannevar Labs, founded by two Stanford GSB students and incubated in Costanoa’s Palo Alto office in 2019. Vannevar has since emerged as a leader in providing state-of-the-art technology for the defense industry. Other investments in the sector include Cape, Auterion, Kepler Communications and Muon Space, among others.

    “Costanoa has been part of our team through all the highs and lows and every phase of company building,” said Nini Hamrick, President and Co-Founder of Vannevar Labs. “The Costanoa team feels like an extension of our team at this point, with a very different level of engagement than we see from other investors that is hyper specific to this early stage of company building. They are also just really great people who want to have a really big impact on the world, and we can't imagine building Vannevar without them."

    Costanoa sets itself apart by building a highly concentrated portfolio focused on outstanding technical founders, where it can add real value with the world-class expertise of its BuilderOps Team. They provide the hands-on support these teams need in go-to-market strategy, company building and talent recruitment. With a boutique approach, Costanoa offers a tailored, high-touch approach that early-stage founders need and value.

    For more information about Costanoa and its portfolio companies, please visit https://costanoa.vc/.

    About Costanoa Ventures:
    Founded in 2012, Costanoa Ventures partners with builders as early as company formation, with a focus on apps and infrastructure in data, dev, security and fintech. Costanoa is a long-term, boutique partner to entrepreneurs from the earliest stages of company building with expertise from its BuilderOps team. For more information, please visit www.costanoa.vc.

    CONTACT: Media Contact For Costanoa Ventures:
Angela Petersen
SamsonPR
Costanoa@samsonpr.com

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