is made possible by the generosity of its members. If you get value from my writing, or laugh at the bad jokes I make on twitter, please consider becoming a member.

Become a member

Support the site and get members-only benefits

Subscribe for $100 a year

or subscribe monthly for $12 a month

Becoming a member is mostly about supporting my independent analysis. Your generosity will help with the costs of running the site and newsletter, help me publish more consistently, and experiment with additional formats like data-driven reports, podcasts, or videos. You will also get access to all past members-only analyses.

For now, members will receive a members-only analysis each week that is timely and substantial. I’ve been asked to be more opinionated and responsive to current events, so I’ll try to do that in this more private forum. If you want my critical take on what matters in the industry, you might enjoy these analyses.

You can see a sample of a members-only analysis here. And a list of all of them here. Don’t take it from me, check out these tweets from members:

  • “@tonysheng’s writing is the best out there and this is worth every penny” –Myles Snider, CEO of Aurora EOS
  • “Highly recommend signing up for a membership if you’re full-time in crypto or passionate about the space” –Spencer Noon, Managing Partner at DTC Capital
  • “All signal, no noise” –Zach Segal, Product at Coinbase

Over time, I’d love to develop more benefits like transcripts of podcasts (maybe host my own), a members-only discussion forum, AMAs with industry leaders, and more.

Thank you. I hope you’ll stick around.


If you aren’t already familiar with my work, I write long-form analyses on building and investing in crypto, and the impact of crypto on society.

My readers include investors at Union Square Ventures, a16z, Village Global, Multicoin Capital, Scalar Capital, and Polychain and builders of Bitcoin, Ethereum, Zcash, EOS, Tezos, 0x, and Coinbase.

Some awfully nice things people have said:

Tony’s blog is one of the best hidden gems in crypto. The content is regularly some of the most insightful out there. I read every post with a fine toothed comb.

–Kyle Samani, Cofounder and Managing Partner, Multicoin Capital

Tony is one of the most insightful and independent writers in the space. His newsletter consistently provides original perspectives on crypto/blockchain fundamentals that inspire you to think more critically.

–Soona Amhaz, Cofounder and CEO, Token Daily

If you read one person’s writing in the space, make it Tony’s. Tony breaks down complicated crypto concepts and economic theories in ways that educate both the beginner and expert alike.

–Erik Torenberg, Cofounder and Partner, Village Global

If you want to give someone the gift of membership, click here.


Do you accept crypto?

Sure, but only for annual plans. Please checkout here.

Can I upgrade from monthly to annual?

Yes, if you have an active monthly membership and purchase an annual membership, you will automatically be migrated to the annual plan.

Can you create an invoice for me to meet me company requirements?

I’m glad to do this for annual plans. Please either DM me on twitter or respond directly to your member welcome email requesting this.

Can I order multiple memberships for my team?

Yes, please contact me directly to purchase and manage a group membership.