Making Payments Fun | Alex Fine | Multicoin Summit 2025

Disclosure: This video includes views expressed by Alex Fine (“Affiliate”), who is affiliated with The Fun Group Inc. (“Fun.xyz”), a company that is (i) a portfolio company invested in by one or more funds managed by Multicoin Capital Management, LLC (“Multicoin”) and/or (ii) an associated developer of a protocol the tokens of which have been acquired by one or more of the Multicoin funds. Multicoin did not compensate Affiliate in connection with this interview. Affiliate’s status as an affiliate of Multicoin creates a material conflict of interest since (1) Affiliate may be strongly incentivized to portray Multicoin and the investments it makes in a positive light, and (2) Affiliate may be less incentivized to be critical about Multicoin. The views expressed here are solely those of the individuals identified in this video in their individual capacity and, unless otherwise stated, are not the views of Multicoin Capital Management, LLC or any of its affiliates (together with its affiliates, “Multicoin”). Multicoin provides investment advice to certain private fund clients (the “fund(s)”) that have also invested in many of the crypto projects/teams/operating companies discussed herein creating a material conflict of interest where Multicoin personnel may be strongly incentivized to portray Multicoin and the investments it makes in a positive light and is less likely to be critical about both Multicoin and its investments. Certain information contained herein may have been obtained from third-party sources, including from portfolio companies of funds managed by Multicoin. Multicoin believes that the information provided is reliable however it does not make representations about the enduring accuracy of the information or its appropriateness for a given situation. The content, including charts and graphs provided within, is for informational purposes solely and should not be relied upon when making any investment decision. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in this presentation are subject to change without notice and may differ or be contrary to opinions expressed by others. Multicoin does not undertake to update this presentation. This presentation does not constitute investment advice or an offer to sell or a solicitation of an offer to purchase any limited partner interests in any investment vehicle. An offer or solicitation of an investment in any Multicoin investment vehicle will only be made pursuant to an offering memorandum, limited partnership agreement and subscription documents, and only the information in such documents should be relied upon when making a decision to invest. This presentation is provided for informational purposes only and is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The contents herein are not to be construed as legal, business, or tax advice, and each prospective investor should consult its own attorney, business advisor, and tax advisor as to legal, business, and tax advice. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Multicoin, 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 list of investments made by venture funds managed by Multicoin is available here: https://multicoin.capital/portfolio/. Excluded from this list are investments that have not yet been announced due to coordination with the development team(s) or issuer(s) on the timing and nature of public disclosure. Separately, for strategic reasons, Multicoin’s hedge fund does not disclose positions in publicly traded digital assets. Past performance does not guarantee future results. Multicoin has established, maintains and enforces written policies and procedures reasonably designed to identify and effectively manage conflicts of interest related to its investment activities. For more important disclosures, please see the disclosures and terms of use available at https://multicoin.capital/disclosures and https://multicoin.capital/terms.