Last week's once-every-four-years Bitcoin halving came and went – just as Satoshi Nakamoto programmed it 15 years ago. But the big surprise was the fast uptake of Casey Rodarmor's new Runes protocol, his second big hit on the original blockchain in two years. Now, it looks like the initial fee bonanza might be fading, and the question is whether Runes transactions will provide a sustainable source of ongoing revenue for miners, especially now that the block rewards have been cut in half.
But there's now a growing cottage industry of venture capitalists and investment firms willing to put money into Bitcoin-focused startups, such as. In February, Dan Held, a former Kraken marketing executive who recently served as fractional CMO for Taproot Wizards and Trust Machines,, as a general partner, with plans to spearhead a new Bitcoin DeFi Venture Fund I, targeting a raise of $21 million.," to illustrate the opportunity.
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