Venture capital firm (VC) firm ego death capital, which focuses on Bitcoin BTC (and Bitcoin only)-based projects, has closed its second fund, totaling $100 million.
Ego death capital’s Fund II will lead Series A investments of between $3 million-$8 million backing projects building on Bitcoin to solve real-world problems, according to an emailed announcement on Tuesday.
“We’re investing in businesses that treat Bitcoin not as a trade, but as infrastructure – something to build on, not bet on,” ego general partner Lyn Alden said in a statement.
Ego’s existing portfolio companies include bitcoin self-custody application Relai and bitcoin-built securities exchange Roxom.
By focusing exclusively on projects building on the world’s original blockchain, ego said it is trying to appeal to investors who want to cut through the hype of different chains and tokens and focus solely on the oldest and most established crypto that still consistently constitutes over 60% of the $3+ trillion digital asset industry.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Many in the crypto space have echoed a familiar sentiment over recent months: “The four-year…
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten…
Bitcoin (BTC) is retesting a crucial support area after its price slid 5% from the…
Despite the Bitcoin price recovery above the crucial $90,000 threshold—a level that has historically served…
Fundstrat’s Tom Lee told attendees at Binance Blockchain Week that he believes the worst leg…
The Binance Blockchain Week event in Dubai became the center of a high-stakes showdown between…