Happy New Year! We hope you had a great holiday and are ready for an amazing 2025!

In this edition of the DV monthly newsletter, we talk about:

• A quick recap of what we’ve been up to in 2024

• Product launches from OrdinalsBot and Bitflow Finance, and fresh funding for Torram

• Two new episodes of the Mik and Mike Crypto Cast

Let’s go!

Quick Recap of 2024

2024 was an awesome year for Deep Ventures!

Here’s a quick recap of what we achieved:

• Invested in 9 companies, including:

  • Gnosis Guild

  • Nuon Finance

  • Hercules

  • OrdinalsBot (follow-on)

  • BitFlow Finance

  • Enclave

  • Demether

  • Torram

  • Truffle

• Published research and monthly newsletters consistently on our blog

• Created more video content, including:

  • Started and recorded 10 episodes of the Mik and Mike Crypto Cast

  • Made an appearance on Crypto Banter (Ran Neuner’s YouTube channel with 1M+ subscribers)

Much more to come in 2025!

Portfolio Company Highlights

OrdinalsBot launches Trio Marketplace

The OrdinalsBot team launched their marketplace called Trio, where users can find the top digital collectibles on Bitcoin and earn $TRIO rewards just by collecting.

And the first 10K collection minted on Trio after the launch, the Inners, sold out quickly!

OrdinalsBot continues to innovate and play a huge role in the Ordinals space, and we are here for it!

Bitflow Finance launches Runes AMM on Stacks

Bitflow Finance launched the first automated market maker (AMM) for Runes on Bitcoin L2 Stacks!

This AMM provides deep liquidity, low slippage, and quick price discovery for Runes, the standard for issuing fungible tokens on Bitcoin. Bitflow aims to help Runes scale and address some of the shortcomings holding it back such as slow transaction speeds, high fees, and transaction sniping.

Read more about the launch on CoinDesk.

Draper Associates and BoostVC backs Torram

Torram, who is building oracle infrastructure for the Bitcoin ecosystem, was accepted into the BitcoinFi accelerator and funded by legendary investor Tim Draper’s Draper Associates, BoostVC, and Thesis*!

They were also nominated by HackerNoon for Web3 Startup of the Year and CoinMarketCap as a Top 10 Innovative Crypto Project To Watch in 2025.

Torram is just getting started and already making waves!

New Content

Mik and Mike Crypto Cast

We knocked out two episodes of the Mik and Mike Crypto Cast in December!

In the December 17 episode, we chat about Bitcoin breaking its ATH, Electric Capital’s Developer Report, NFT’s comeback, and more.

In the December 30 episode, we discuss the $MIRA memecoin story, the IRS’s dirty year-end move, Hyperliquid security issue, and more.

We’re thinking about doing the show weekly instead of bi-weekly. Let us know what you think about that by replying to this email!

Industry News

Here are links to three of the biggest crypto stories of December. We discuss them in the Mik and Mike Crypto Cast episodes above, so give those a listen as well!

• IRS finalizes new tax reporting rules for DeFi platforms

• Aptos Founder and CEO Mo Shaikh steps down

• Electric Capital releases Developer Report

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!

Give us a follow on Xwitter @deepventuresvc, @mikewchan, and @sherm8n and Deep Ventures on LinkedIn.

Talk soon!