We’re excited to be backing Superfluid‘s Seed round alongside Multicoin Capital, Semantic Ventures and others.
Superfluid is building a scalable system for peer-to-peer streaming money, the concept of constantly exchanging value for time, every second. This is achieved via a completely automated recurring payment, flowing continuously instead of on a transaction-by-transaction basis.
Using Superfluid, developers can create streaming agreements with predefined rules that instruct the transfer of any token or digital asset on-chain in a continuous fashion. This means payments are settled every second, eliminating non-payment risks and the related uncertainties. Through real-time netting of income and expenses, the system enables unprecedented capital efficiency, accelerating money velocity exponentially without the need for credit.
We’ve been incredibly impressed with Fran, Miao, Michele, and the rest of the Superfluid team and the community they have built around the protocol. Superfluid will be using the new funds to recruit for several open positions including a senior smart contract engineer and a marketing manager. Keep an eye on the MMC jobs board for roles.
Blockchain and DeFi continue to be areas of interest and investment for MMC. You can read more about our thoughts on this space here.