The best products being shipped right now don't ask the user which version of the web they're on. The user doesn't know, and doesn't need to.
That's the bet. Xenith doesn't draw a line between Web2 and Web3 founders. We draw a line around the founders building the open internet, and that line runs through both.
The convergence
Stablecoins now settle more annual volume than most card networks. Major Web2 platforms in payments, gaming, and identity are quietly integrating onchain rails because the alternative is paying rent to legacy infrastructure. The AI agents shipping next year will hold their own wallets. The fastest-growing consumer apps in emerging markets are hybrid by default.
What "open internet" means here
Three properties, regardless of stack.
Composability. What you build should be a primitive someone else can build on. APIs, protocols, open data.
User-owned value. The user captures the long tail of what they create, not the platform. Sometimes that's tokens, sometimes data portability, sometimes a fair split.
Permissionless reach. A developer in Lagos should be able to build on top of your thing the same day a developer in San Francisco can. No application, no waitlist.
What we're funding
Roughly equal weight across both stacks.
Web2 with onchain rails. Fintech, payments, and identity that use crypto where crypto is better, without forcing the user to know.
Web3 with Web2 distribution. Onchain protocols that meet users in apps, browsers, social graphs, games.
The seam. Wallets-as-a-service, embedded crypto, agent infrastructure, oracles, KYC primitives. The plumbing.
The point
If you're a Web2 founder allergic to crypto buzzwords but you know your product would be better with onchain rails, we're a natural partner. If you're a Web3 founder who wants to ship something a million normal users will use without ever saying "wallet," same thing. We've done both, and we'll keep doing both.
Write to contact@xenith.vc.