Research
Research is the public edge of the firm.
Research is published for information only and is not investment advice. Where Novora advises or holds a position in a company it covers, that is stated.
- 1Rip Cars: The Hot Wheels Gacha ThesisWhy gacha is the native business model for collectibles, and how Rip Cars can own Hot WheelsNovora is invested in Rip Cars and holds CARS.Oct 2026
- 2Credible: Modern Payments for Modern BusinessesPost-launch research on the cross-border payments business behind $CREDJul 2026
- 3The Institutional Readiness GapWhy crypto companies and protocols still communicate like startupsJun 2026
- 4The Case for Ownership CoinsHow MetaDAO is rebuilding token issuance around investor alignmentMay 2026
- 5Bullpen: The Entertainment Finance ThesisWhy entertainment finance is the defining crypto category of this cycleNovora advises Bullpen and is an investor.May 2026
- 6Which Token Value Accrual Model Works?An empirical study of 159 tokens across six value accrual mechanismsApr 2026
- 7IR and Token Transparency in 2026Token disclosure practices across 150+ crypto protocolsApr 2026
- 8Does IR Matter in Crypto?Why the next leg of institutional adoption depends on how protocols communicateMar 2026
- 9Reintroducing NovoraWhy we invest, partner, and build alongside exceptional crypto companiesMar 2026