This year, there have been more than 90 Bitcoin ecosystem-related financings
There have been more than 90 financing transactions related to the Bitcoin ecosystem since 2024, setting a new record for the highest number of financing transactions in a single year in Bitcoin's history. Kyle Samani, Managing Partner at Multicoin Capital, pointed out that with the emergence of the Bitcoin Taproot upgrade and the Ordinals protocol, the Bitcoin ecosystem is experiencing a "developer renaissance". For some developers, building financial tools on Bitcoin is more attractive because it is the oldest and most secure blockchain. Multicoin Capital's investment trend is reportedly shifting from Solana to the Bitcoin ecosystem. The venture capital firm has invested in projects such as Solana Labs and StarkWare, but recently participated in the funding of the Bitcoin-native music platform Arch Network and the Bitcoin scaling network Mezo.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Exploring This Week’s Crypto Surge: New Insights on Polygon, NEAR, and Shiba Inu
Next Crypto to Hit $1 in 2024: The Key Innovations Fueling This Market Push
Polygon Leads Crypto Network Growth, New Addresses Surge Over 1,000%
US spot Bitcoin ETFs continue net inflow streak, reaching $365 million on sixth day
U.S. spot bitcoin ETFs saw net inflows worth $365.5 million on Thursday.The inflows were led by Ark Invest and 21Shares’ $113.8 million.