VF Protocol is Funded
(And There Are No Shortcuts)
I'm thrilled to announce that Scout Ventures and I have joined forces as I build my startup VF Protocol.
They’re investing $750K as lead investor in our first round of funding and I couldn’t be more stoked to incubate the company together. They’ve already provided crucial support in the development, launch, and rapid improvement of our first product and I’m aggressively confident in the expertise we’re building. They're joined financially and spiritually by a host of friends, family, and angels who are all excited about the future we're building.
They're excited because we're going to make transaction fees extinct.
Allow me to introduce VF Protocol.
VF Protocol is a zero fee payments network powered by decentralized finance.
We're seeking out every existing transaction (debit, credit, AP, AR, and anywhere else people transfer value), we're replacing it with something that feels the same, but is actually a new financial primitive, and we're gonna generate yield from that to run the Protocol… entirely without transaction fees.
We’re building a new kind of payments company.
One that won’t charge an extractive 3% tax on every dollar that moves through the economy.
One that let's consumers and businesses trade the time value of their money for the actual value of their money.
One that aligns economic incentives in a way that's never been done before.
We think it's a Very Fun Protocol and think you will too.
We’re here for the long haul.
With the closing of this funding and the launch of our live Beta, we're coming out of stealth to build through this Crypto winter - no matter how long it may turn out to be.
We’re not worried about it because we're not a crypto company.
We're a payments company that will always use the best technology available to us to fulfill our core payments mission, while also fighting fraud and criminal activity. We think that for now (and for the foreseeable future) that technology is in crypto, but that may change. We’ll react to contact as needed.
Fighting is in VF Protocol’s DNA and we’re here for it.
We’re here to work.
On a more humbling note, we believe in building in public here at VF Protocol, so I want to be straight with you.
This announcement is the result of (at least) 118 pitch meetings, 6 months of lonely customer discovery & product development, and ultimately over 2 years of relationship building with my friend and mentor Sam Ellis before we convinced the Scout team to take a chance on me as a Founder and Technologist.
Yea, there are no shortcuts.
I expect a lot of things to change in the coming months, but not that.
So with some knowledge of the road ahead, I want to sincerely thank everyone who has supported me so far and will support me in the future. There’s no way I could try to build the future without you.
Truly, I appreciate you and am grateful to have such a stacked corner.
Join us!
If you want to help us make transaction fees extinct, check out our first product:
We've built the best way to execute zero fee NFT private sales on Ethereum!
You can send feedback in the app (look for the Help Modal in the bottom right) or can reach me directly at Cameron@vfprotocol.com.
I always respond.
If you don't have any NFT's yet, schedule some time with me right now! I will personally onboard you into Web3 and get you your first NFT.
There will be a lot more information, technical documents, and news coming very soon, so please subscribe to this Building in Public blog to keep up to date
Finally, if you like slinging code and want to fundamentally change how the economy works or if you have any questions about the vision - find me on Farcaster (@Cameron) or reach out on your platform of choice here (www.linktr.ee/camarmstrong)
With tranquil certainty,
Cameron
Founder | VF Protocol