November 6, 2024
Prosper, a decentralized protocol focused on bridging Bitcoin mining with the broader ecosystem, has received a key investment from Waterdrip Capital. Known for its track record in backing blockchain initiatives, Waterdrip has invested in Prosper’s native token, PROS. This marks a pivotal moment for Prosper, underscoring its shift towards Bitcoin mining and institutional involvement in the Bitcoin network.
The investment aligns with Prosper's growing focus on creating deeper connections between institutional-grade Bitcoin mining and decentralized finance. Prosper’s move has been well-received within the community, with Waterdrip Capital’s backing acting as a key validation of the protocol’s direction.The partnership also opens the possibility for future collaborations between Prosper and Waterdrip’s portfolio, which includes over 30 companies in the Bitcoin and real-world asset (RWA) ecosystem. These partnerships are expected to drive further adoption and expand the utility of PROS across various use cases.
Waterdrip Capital’s support is an endorsement of Prosper’s vision, particularly as the Bitcoin mining landscape continues to evolve. The firm is well-positioned to help Prosper achieve its mission of unlocking Bitcoin’s full potential through decentralized, institutional-grade mining infrastructure.
About Prosper
Prosper is a decentralized protocol that enables full exposure to Bitcoin hashrate and the wider Bitcoin ecosystem. By integrating institutional-grade mining power on-chain, Prosper seeks to offer solutions that expand the utility of Bitcoin across decentralized finance and beyond.
Website: https://www.prosper-fi.com/
X: @prosperfi_xyz
About Investor
Waterdrip Capital
Waterdrip Capital is a venture capital firm specializing in investments within the blockchain ecosystem. With a portfolio that includes over 200 projects, Waterdrip has focused its efforts on areas like DeFi, Bitcoin infrastructure, and compliance finance.
Location: China
Website: https://waterdrip.io/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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