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id="w-node-_6078276f-c6a6-6ee4-2ef7-cd5b771d3f76-26ed3019">Portfolio</h1><div class="hero_content_wrap is--portfolio"><p>Over the span of four crypto market cycles, we鈥檝e become experts at discerning which founders have the grit, drive, and product-market fit to successfully launch a blockchain protocol.</p></div></div><div class="w-dyn-list"><div role="list" class="portfolio_list w-dyn-items"><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bddfcc8be4d94b2d311b8c_AAVE.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Aave</div><a aria-label="Go to company website" href="https://aave.com/" class="u-cover-absolute w-inline-block"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde64a5a17773ef447dced_Ai%20Arena.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Ai Arena</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450e510188cf9d0e7099dc_Allora.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Allora</div><a aria-label="Go to company website" href="https://www.allora.network/" class="u-cover-absolute w-inline-block"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450a3ce51d17bbbcb1d7cc_arrow-logo.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Arrow Markets</div><a aria-label="Go to company website" href="https://www.arrow.markets/" class="u-cover-absolute w-inline-block"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67817729a7cb9899df99d528_LOGO_dark%20BG.png" alt="" sizes="(max-width: 479px) 27vw, 11vw" srcset="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67817729a7cb9899df99d528_LOGO_dark%20BG-p-500.png 500w, https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67817729a7cb9899df99d528_LOGO_dark%20BG-p-800.png 800w, https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67817729a7cb9899df99d528_LOGO_dark%20BG.png 1200w" class="portfolio_list_logo"/><div class="portfolio_list_title">Avalon Labs</div><a aria-label="Go to company website" href="https://www.avalonfinance.xyz/" class="u-cover-absolute w-inline-block"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67461c1d07c381a492d83668_Screenshot%202024-11-26%20at%202.04.20%E2%80%AFPM.png" alt="" sizes="(max-width: 479px) 27vw, 11vw" srcset="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67461c1d07c381a492d83668_Screenshot%202024-11-26%20at%202.04.20%E2%80%AFPM-p-500.png 500w, https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67461c1d07c381a492d83668_Screenshot%202024-11-26%20at%202.04.20%E2%80%AFPM-p-800.png 800w, https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67461c1d07c381a492d83668_Screenshot%202024-11-26%20at%202.04.20%E2%80%AFPM.png 1036w" class="portfolio_list_logo"/><div class="portfolio_list_title">Berachain</div><a aria-label="Go to company website" href="https://www.berachain.com/" class="u-cover-absolute w-inline-block"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde72ef0ad687e05813712_BEARN.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Block Earner</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde9f4336cbbb6b32b8ebe_boardroom.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Boardroom</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde7fe021e9a8e4b208065_celestia.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Celestia</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bdeaa028e1c7ed521ec6e5_Certora.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Certora</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde65bf8c712488bb8928c_chainflip.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Chainflip</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde66575837c3ca3749f53_chainlink.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Chainlink</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde742c2c34f0f8a3d2d50_Civitas.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Civitas</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde94eb27bcad18abea2be_Common%20Protocol.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Common protocol</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde753e623adcef032b320_cover.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Cover re</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde764398f4a359623331f_daylight.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Daylight</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde9e46a4a57619c66766f_dflow.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Dflow</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde98af90ade41ae3bf694_dhedge.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Dhedge</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde9bab2539585c192fa80_dodo.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Dodo</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde833d854ea56038a9936_Dynasty.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Dynasty</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde93b51c698729b3af5c2_Endao.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Endaoment</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde7d852f7cbe082aab3ae_Fei.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Fei</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde904e802b36159929555_Futureswap.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Futureswap</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde6a659e094269bf21f13_the%20graph.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Graph</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde8f435ff49848edd13c8_GRO.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Gro</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde7cac2345f1c1a079176_hubble.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Hubble exchange</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde7040ed6e0ff51950364_illuvium.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Illuvium</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde9c9f89ad54a5690f225_immunefi.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Immunefi</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bdeabf37edb6915a90c596_INFINI.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Infinigods</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450af45d81411f15c84255_Iryx_logo.jpg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Irys</div><a aria-label="Go to company website" href="https://irys.xyz/" class="u-cover-absolute w-inline-block"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450826dffed657f242f297_jitoBig.png" alt="" sizes="(max-width: 479px) 27vw, 11vw" srcset="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450826dffed657f242f297_jitoBig-p-500.png 500w, https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450826dffed657f242f297_jitoBig-p-800.png 800w, https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450826dffed657f242f297_jitoBig-p-1080.png 1080w, https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450826dffed657f242f297_jitoBig.png 1490w" class="portfolio_list_logo"/><div class="portfolio_list_title">Jito Labs</div><a aria-label="Go to company website" href="https://www.jito.wtf/" class="u-cover-absolute w-inline-block"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/67450c29cca8899e491b1d86_Karak%20Logo.png" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Karak</div><a aria-label="Go to company website" href="https://karak.network/" class="u-cover-absolute w-inline-block"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img 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class="portfolio_list_title">Optimism</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bdea8437edb6915a9082fb_PARCEL.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Parcel</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img src="https://cdn.prod.website-files.com/66bdc7dd1e188b5245cded0f/66bde82172c37fa3520770c8_PERION.svg" alt="" class="portfolio_list_logo"/><div class="portfolio_list_title">Perion</div><a aria-label="Go to company website" href="#" class="u-cover-absolute w-inline-block w-condition-invisible"></a></div><div role="listitem" class="portfolio_list_item w-dyn-item"><img 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class="warn_text">The investments or portfolio companies mentioned, referred to, or described on this page are not representative of all investments in vehicles managed by Framework and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A more complete list of investments (which excludes investments for which the issuer has not provided permission for Framework to disclose publicly, as well as unannounced investments in publicly traded digital assets) can be found <a href="https://framework.ventures/investments" target="_blank" class="underline">here</a>. Please note that this list reflects current as well as historical investments (save those portfolio companies (i) that have shut down without a liquidity event or exit and (ii) for which the equity has been written to zero without the corresponding receipt of another asset). Further, the list of investments is updated periodically, and as such may not reflect the most recent Framework investments. Past results of Framework鈥檚 investments are not necessarily indicative of future results. 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