Finance11 min read • 2026-08-04

The Capital

SO
Sarah Okafor
Contributing Editor
The Capital

Follows where the money is moving, and what that tells us about what matters.

Capital is becoming programmable. Smart contracts can encode vesting, revenue-sharing, and governance rights with a precision that traditional legal infrastructure struggles to match.

For venture financing, this means smaller checks, faster closes, and more granular ownership structures. It also means new risks: code bugs, oracle failures, and jurisdictional ambiguity.

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