Core Ventures Drops Over $1M on 15 Bitcoin Projects, Igniting BTCFi Revolution

Hang onto your hats, crypto fans! Core Ventures, the investment powerhouse behind the Core Foundation, has just thrown over $1 million at 15 sizzling Bitcoin projects since kicking things off in early 2024. These aren't just any projects—they're the ones pushing Bitcoin's boundaries and turning it into a powerhouse for financial innovation.

Listen up—Core Ventures isn't just playing around. Their goal? To transform Bitcoin (BTC) from a sleepy store-of-value into a dynamic layer of financial infrastructure. We're talking the real deal here: lending, yield generation, stablecoins, and the whole decentralized finance (DeFi) shebang. And guess what? You heard it here first!

As BTCFi explodes with a mind-blowing 2,700% surge in total value locked across Bitcoin-based DeFi protocols since January, Core Ventures is fueling the fire. They're backing projects that are all about making Bitcoin more programmable. Their portfolio? It's a powerhouse, covering everything from lending and staking to real-world assets, DeFi infrastructure, and financial essentials like stablecoins.

Get this: among their top picks are Colend, a lending and borrowing beast on Core, rocking over $170 million in TVL and just dropping the first-ever web3 credit card. Then there's Solv Protocol, the go-to for liquid staking, structured yield products, and Bitcoin fund management. And don't sleep on BitFLUX, a Core Ventures-incubated platform that's all about liquidity aggregation and BTC yield generation.

'Fund the people actually shipping'

But wait, there's more! Sats Terminal, a Bitcoin-native DeFi aggregator that's making DEXs and yield tools a breeze, and BIMA Labs, the brains behind USBD—a Bitcoin-backed universal stablecoin for cross-chain DeFi—are also big players in Core Ventures' growing empire. And get this: some of these projects are co-backed by heavy hitters like Coinbase Ventures, OKX Ventures, and Draper Associates.

"Core Ventures is here to back the innovative apps, tools, and protocols that make the system truly useful," declared Brendon Sedo, Initial Contributor at Core DAO and Head of Core Ventures. "We're not here to debate opcodes. We're here to fund the people actually shipping."

And let's not forget Core itself—the technical backbone of this wild ecosystem. It's a Proof-of-Work-backed, EVM-compatible blockchain that's all about non-custodial Bitcoin staking. With over 6,000 BTC staked, more than 50,000 daily users, and a whopping $500 million in TVL, it's the anchor for what's now the biggest Bitcoin DeFi playground out there.

So, what's next? Core Ventures is just getting started. They're planning to keep pouring cash into projects that boost Bitcoin's utility across lending, collateralization, decentralized identity, and real-world asset tokenization. And here's the kicker: they're all about backing the builders who are already making things happen, not just talking about it.