INVESTMENT FUND USD $ 100 million to boost projects based on the Bitcoin Network

Ego Death Capital Capital collects for its second fund, which has an exclusive approach to projects built on Bitcoin.

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• Ego Death Capital will finance rounds A series between USD $ 3 million and USD $ 8 million for companies focused on Bitcoin.
  
• The firm supports apps as Relai and Roxom, They use Bitcoin as infrastructure.
  
• The fund seeks to encourage the development of use cases that take advantage of the benefits of the network Bitcoin.

The risk capital firm, Ego Death Capital, recognized for its investment philosophy focused exclusively on Bitcoin, announced the closure of its second investment fund for a total of USD $ 100 million.

This new background, called Fund II, Its objective is to finance rounds Series TO With amounts ranging between USD $ 3 million and USD $ 8 million, focusing exclusively on companies that build solutions on the network Bitcoin To face real world problems.

Invest on Bitcoin as infrastructure

According to the statement issued by the company, reviewed by COINDESK, The investment approach is not based on speculation with the price of Bitcoin, but in its use as a solid and lasting technological infrastructure.

“We are investing in businesses that treat Bitcoin not as a bet, but as an infrastructure – something about what to build, not with what to bet,” Lyn Alden, a general partner of E expressedGo Death Capital.

This strategic positioning seeks to get away from enthusiasm around other Blockchain, Tokens and platforms that, according to the firm, divert the focus of what they consider the most reliable and proven technological basis of the crypto ecosystem.

Portfolio projects: Relai and Roxom

The current portfolio of Ego Death Capital Includes startups like Relai, an application of autocustody that facilitates users to maintain total control of their bitcoins, and Roxom, An exchange of digital values ​​that operates on the network Bitcoin.

Both proposals stand out for their direct use of the network Bitcoin As a technological basis, thus differentiating projects that depend on multiple chains, intelligent contracts or hybrid solutions.

This approach seeks to provide greater security, resilience and transparency, especially in applications that involve financial services or asset custody.

In a context in which the crypto market exceeds USD $ 3 billion in capitalization, and Bitcoin maintains a dominance of more than 60 %, Ego Death Capital Bet on the consolidation of this asset as the spine of the ecosystem.

The firm emphasizes that its strategy is aimed at investors who want to get away from media noise and speculative cycles of emerging tokens, to concentrate on solid projects, built on a stable and lasting basis.

“Bitcoin remains the most decentralized, safer and most used network in the crypto world. We want to help entrepreneurs who believe in that as a competitive advantage,” Alden said.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

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