Insights
Insights.
Research and commentary. The complete archive from gda.group is below, pending the editorial decisions noted against each item. Announcements from the firm and its holdings are on News.
ResearchAugust 20269 min
The Escape Test — What decides whether infrastructure becomes a standard, and the one count that measures it
A protocol business is not valued on the quality of its specification or the size of its codebase. It is valued on how many organisations outside the author's control have implemented it. That number is countable, it is usually zero for far longer than founders expect, and almost every decision worth making about such a business follows from where it currently sits.
Read →Research and announcements, sent as they publish.
Showing 43 of 43
The Nth Node Test — How to tell a network of properties from a very sophisticated content management system
Research August 2026 Read →The Machine-Readable Estate — What a holding company is worth when its records are one graph rather than two hundred websites
Research August 2026 Read →Culture Finance — Why the next retail bank is a consumer network
Research August 2026 Read →Web 4 — The convergence layer, and why no part of it underwrites alone
Research August 2026 Read →The Escape Test — What decides whether infrastructure becomes a standard, and the one count that measures it
Research August 2026 Read →Agent-as-a-Service — The operating model that replaces seat licences in enterprise AI
Research March 2025 Read →The Disruption Premium — What happens to a multiple when an incumbent builds a technology business
Research October 2024 Read →RWA distribution — The missing rail between tokenized assets and the people who would hold them
Research September 2024 Read →Play-to-earn failed. Play-for-Gold is what replaces it. — Why rewards denominated in real-world value survive what token emissions could not
Commentary April 2024 Read →Grwth Army launches in partnership with GDA Capital
Firm News March 18, 2024 Read →GDA Capital acquires Omni3, expands into Singapore with new gaming lead
Firm News March 13, 2024 Read →ERC-7621: the future of asset management on the blockchain
Research March 11, 2024GDA Capital to host third annual Global Family Office Summit
Firm News May 2, 2023 Read →The biggest crypto hub: which country is best for developers and investors?
Commentary May 23, 2022Top 3 ways to invest in the metaverse in 2022
Commentary May 22, 2022What is ERC-4626?
Commentary May 21, 2022Top takeaways from MIT’s review of ETH 2.0
Commentary May 21, 2022Ukraine’s impact: will the global financial system split in three this year?
Commentary May 20, 2022Ready to earn dividends for wearing clothes? It’s now a reality in the metaverse
Research January 27, 2022Asia Disruptive Technology Conference summary
Firm News December 17, 2021 Read →Can blockchain help with surveillance? Digital Asset Digest Vol. 81
Digest November 23, 2021Is the crypto market barking up the wrong tree? Digital Asset Digest Vol. 80
Digest November 16, 2021Research release: State of the Metaverse
Research November 12, 2021The charts, they never lie: Digital Asset Digest Vol. 79
Digest November 9, 2021How much are cryptos really worth? Digital Asset Digest Vol. 78
Digest November 2, 20212021, the year of crypto startups: Digital Asset Digest Vol. 77
Digest October 26, 2021Is Chainlink the Google of crypto? Digital Asset Digest Vol. 75
Digest October 12, 2021Metaverse research: Upland
Research September 24, 2021Metaverse research: Cryptovoxels
Research September 17, 2021Metaverse research: The Sandbox
Research September 10, 2021Metaverse research: Somnium
Research September 3, 2021Europe Disruptive Investment Summit
Firm News June 23, 2021 Read →Coinbase Institutional MicroStrategy case study
Resources January 8, 2021GDA Group launches Global Fund Management to provide digital asset exposure for investors
Firm News December 1, 2020 Read →Zero to DeFi
Resources November 30, 2020Michael Saylor of MicroStrategy on the Pomp Podcast
Resources November 30, 2020Introduction to Bitcoin by Andreas Antonopoulos
Resources November 30, 2020Bitcoin as an alternative investment
Resources November 30, 2020The Great Monetary Inflation
Resources November 30, 2020Nakamoto Institute
Resources November 30, 2020The Bitcoin Standard
Resources November 30, 2020Bitcoin white paper
Resources November 30, 2020Custody research report
Resources November 30, 2020Annual flagship · in production
The State of Disruptive Technology Capital Markets.
The firm’s annual dataset report — real-world value as the expansion of RWA, rewards as its future, the successor to play-to-earn, agentic autonomous organizations, and the disruption premium, measured rather than asserted. Registrants receive it on publication, before it is public.