01
What backs value, and who is allowed to create it.
From sovereign currency to programmable assets to compute-denominated credits the substrate of value is becoming plural.
Research lab / money and value
Value,
unbound.
Versiontwo is a research lab for the people building what comes next in money and value.
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VERSIONTWO RESEARCH LAB · MONEY IS BEING REBUILT · THE WHOLE PICTURE · WHAT COMES NEXT · VERSIONTWO RESEARCH LAB · MONEY IS BEING REBUILT · THE WHOLE PICTURE · WHAT COMES NEXT · VERSIONTWO RESEARCH LAB · MONEY IS BEING REBUILT · THE WHOLE PICTURE · WHAT COMES NEXT · VERSIONTWO RESEARCH LAB · MONEY IS BEING REBUILT · THE WHOLE PICTURE · WHAT COMES NEXT ·
→ Premise
Money is being rebuilt
right now,
at almost every level
at once.
Most people building inside this shift only see the one piece in front of them. We study the whole picture, then help the people actually building this future see it clearly enough to move first.
A research lab, not a software vendor. We think and write. You build, and you build better because of it.
What we study.
02
How money settles, moves, and who is allowed to hold it.
Wallets, agents, autonomous accounts. Settlement is leaving the human-only assumption behind.
03
Who counts as an economic actor in the first place.
Code that earns, machines that spend, agents that negotiate. The boundary of economic personhood is the frontier.
KARMA PROTOCOL · AN INCENTIVE LAYER · FOR SYSTEMS THAT DON'T SLEEP · VERSIONTWO RESEARCH LAB · KARMA PROTOCOL · AN INCENTIVE LAYER · FOR SYSTEMS THAT DON'T SLEEP · VERSIONTWO RESEARCH LAB · KARMA PROTOCOL · AN INCENTIVE LAYER · FOR SYSTEMS THAT DON'T SLEEP · VERSIONTWO RESEARCH LAB · KARMA PROTOCOL · AN INCENTIVE LAYER · FOR SYSTEMS THAT DON'T SLEEP · VERSIONTWO RESEARCH LAB ·
→ Flagship
Karma Protocol
An incentive layer
for systems that
don't sleep.
How AI systems could be governed and incentivized using something money-like. Two papers published, an open-source project in flight. Not a product. The clearest proof of how we think.
If you are building inside this shift, we want to hear from you.