Hope you’re well!

It’s been raining a ton here in NJ. You know what they say - April showers brings…a lot to discuss in this edition of the DV monthly newsletter!

We talk about:

• Our upcoming “Building on Bitcoin” panel

• We’ve made our first fund investment!

• Torram launches alpha testnet, Degen Legends co-launches $QUEST token, more portco news

• New Mik and Mike episodes

And more!

Let’s go!

We’re Hosting a “Building on Bitcoin” Panel!

We are excited to host an online panel called Building on Bitcoin: From Digital Gold to Global Infrastructure on Tuesday, May 20 at 1PM ET. We would love for you to join us!

Click here to register.

We will discuss Bitcoin's journey from store of value asset to developer infrastructure with a fast-growing ecosystem, what’s being built now, and what the future holds.

Panelists include:

• Shailee Adinolfi - Head of BD for Trust Machines / Stacks (leading Bitcoin L2)

• Toby Lewis - Co-Founder of OrdinalsBot (#1 Ordinals inscription infra and Deep Ventures portfolio company)

• Vakeesan Mahalingam, CFA - Co-Founder and CEO of Torram (Bitcoin-native decentralized oracles and Deep Ventures portfolio company)

Click here to register. We hope to see you there!

We’ve made our first fund investment!

We are super pumped to have made our first investment out of Deep Ventures Fund 1!

We can’t divulge all the details until the company formally announces the fundraise, but we are excited to cut our first check out of the fund.

This company is using AI to make onboarding and retention of developers and community members super easy for blockchain protocols. They’ve integrated with over 75 of the largest and most popular projects already!

If you’d like to learn more about this investment or DV Fund 1, reply to this email or schedule a call with me, happy to tell you more!

Syndicate Portfolio Highlights

Torram

Torram is building a complete middleware stack - including a decentralized oracle network, indexers, a new token standard, and smart contract integration - for institutional applications.

They’re building the first Bitcoin-native decentralized oracle network and their testnet alpha is live!

They received over 5,000 node signups in less than 5 days, have 50+ Dapps on their early access list, and garnered 19 signed LOIs for integration.

And they recently won two major awards from HackerNoon:

🏆 Startup of the Year, Toronto 🔧 Top Trending Developer Tools Startup

Lots more to come from Torram!

Degen Legends

Degen Legends is an Esports team built by pro gamers, and a dedicated community of gamers, NFT traders, and Web 3 builders.

Degen Legends partnered with Immutable & RavenQuest to co-launch the $QUEST token. DEGEN holders now earn in-game XP multipliers and revenue-share.

They’ve also scaled their Solana Games Ambassador Program to over 50 creators, widening their cross-chain reach ahead of the upcoming Base Network beta.

Webb3 gaming is going to make a big comeback soon, and Degen Legends will be in the thick of it!

Numbers Protocol

Numbers Protocol is an open and decentralized protocol designed to ensure provenance for all types of creative works created by humans & AI.

They recently integrated their flagship app, Capture Eye, on the Creative Origin website and Fairpicture platforms to provide provenance verification for human-created photos.

They also gained membership in the International News Media Association (INMA) to collaborate with global news media organizations.

Finally, they expanded to Base Network following the recent DAO governance vote.

Provenance protocols have been growing in popularity, so we’re expecting Numbers to ride this wave!

New Content

Mik and Mike Crypto Cast

Check out the latest Mik and Mike Crypto Cast episodes below!

April 2 - Stablecoin wars, Gamestop wants Bitcoin, Sei to buy 23andme?

April 14 - First solo episode! Ripple acquires Hidden Road, Cosmos connects with Ethereum, new fundraises

April 22 - Bitcoin surges, Dollar drops, Base content coin controversy

April 29 - Twenty One Capital launches, Trump’s pay to play, Helium partners with AT&T

Let us know what you think of these episodes!

Industry News

Here are links to three of the biggest crypto stories of April.

We discuss them in the Mik and Mike Crypto Cast episodes above, so give those a listen to learn more!

• The Base content coin debacle

• Helium partners with AT&T

• Trump offers dinner for top 220 TRUMP holders

Conclusion

We hope you enjoyed this edition of the DV monthly newsletter!

Hit me up at [email protected] or @mikewchan on Telegram with your thoughts about the newsletter, what’s happening in crypto, or anything else!

Talk soon!