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These past couple of weeks have been exciting for our portfolio companies new and old.



First off, we're happy to announce our investment in Unwriter's Planaria Corp. To date, it’s arguable that Unwriter’s tools have dictated the direction of BSV development as much as Bitcoin’s capabilities have dictated his vision. He has taken full advantage of Bitcoin’s flexibility as an extensible protocol layer. This strong vision is partially why we are so excited by this opportunity.



Rather than recognizing Bitcoin as an emergent technology that he would like to entrench himself in and leverage to build some business, Unwriter had this existing vision for an interoperable internet that Bitcoin allows him to build. Understanding this helps explain his passion for Bitcoin development which has prompted him to spend over a year building on it by himself, unpaid. The current state of Planaria Corp is very much optimized for flexibility as the future of Bitcoin business models is still to be determined. That said, Unwriter’s point of view and competence as a technologist and visionary position Planaria to succeed as BitCoin continues to grow. Working with Unwriter as he builds developer tools will also position us well for future investments as we work with teams likely to leverage his technology.



Stay tuned for more on why we invested in the next newsletter. Congratulations to the Pngme team on closing their pre-seed round in September that was led by Unshackled Ventures. Consensys Ventures also participated in the round through their Coven platform as co-investor. With investment, having booked over six figures in revenue for the year, and many more enterprise customers in the pipeline, I’m excited they’re able to continue to both improve their product as well as onboard many of the 1.7 billion individuals and businesses that are financially constrained.



A big part of my motivation to start our fund was to support bold ideas of how to provide access to capital and services to those unbanked or underbanked. I can’t think of another company that fulfills this mission as directly as Pngme.



More information on why we invested and information on their token listing this Monday on IDEX (for non-US investors). Our new video podcast Unbounded Conversations is going strong with our most recent interview with Ryan Charles of Money Button. Lastly, for the hardcore readers that made it all the way down here, a few weeks our own Dave Mullen-Muhr published a piece on the recent Financial Action Task Force guidance and what it means for Bitcoin Core (BTC), Bitcoin SV (BSV), and the broader crypto ecosystem.