PANews reported on March 11 that 1confirmation announced the official acquisition of PTC Crypto talent, and Brett Shear will join 1confirmation as a general partner. Shear was previously the founder of PTC Crypto, and this merger with 1confirmation is expected to further enhance the team's layout in the fields of Web3 and crypto applications.

1confirmation was founded by Nick Tomaino, and has invested in and supported well-known projects such as Coinbase, Polymarket, Opensea, dYdX, and SuperRare in the early stage. Tomaino said that the encryption industry has focused on funds and infrastructure in the past 15 years, and will focus on useful applications in the next 15 years. Shear has rich experience in consumer-level encryption applications.