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100 sats \ 2 replies \ @cleaningup12 17 Dec \ on: AMA about OTORI - the first Bitcoin powered VC fund focused only on pre-sales bitcoin
I'd imagine the use of tokens and smart contracts would not attract Bitcoiners
I might be wrong
Or we could be wrong in our research and experiments. However, we already gathered LOIs from a handful of parties totalling over $64k, as well as signed a partnership with a VC (LemVega Capital).
Additionally we found out bitcoiners like to support companies building on and around bitcoin.
Obviously our long term goal is to be as native to btc layer 1 as possible, as of now that is not possible without introducing substantial friction.
In order to catch the momentum of regulations opening up and favorable investor climate we decided to go to market on Bitlayer, as they are on main net already.
This allows us to take early-stage investing—once locked away—and brings it to those ready to seize the future, now.
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btw we are doing a techstack pivot to Arch.
So very close to native bitcoin
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