🚀💰 Bitcoin startups are booming! In 2023, funding for these ventures quadrupled, with Bitcoin-native pre-seed deals soaring by 360% and funded Bitcoin companies rising by 56.9%, according to Trammell Venture Partners.

📉 Even though venture dollars invested in Bitcoin fell by 12.5% to $305 million, the number of venture deals rose by a whopping 69.2%.

🔍 What's a Bitcoin-native company? It's a firm whose success is tied to the Bitcoin network, believing BTC is the future global monetary asset. This excludes late-stage firms, Bitcoin miners, and crypto-oriented companies.

🔥 Last year's big investors included General Catalyst, Y Combinator, and Draper Associates. Despite a challenging year for venture capital, the Bitcoin-native sector emerged stronger.

👨‍💻 The surge in funding coincides with a revival of developer activity on Bitcoin. New tech capabilities discovered on the network, like the NFT protocol Ordinals and the Bitcoin computing paradigm BitVM, have sparked this revival.

💡 Rising transaction fees have developers seeking efficient Bitcoin layer 2 solutions. CoinMetrics co-founder Nic Carter says, "I’ve never seen more bitcoin startups in my career."

What do you think about this surge in Bitcoin startups? Let's chat below! 👇 #Bitcoin #Startups #Funding