The last two years in the cryptocurrency space have been largely defined by the spectacular rise and fall of the ICO market. During the rise, projects purporting to do things as niche as revolutionize global dentistry by introducing utility tokens were attaining network valuations upwards of $2 billion USD. In retrospect, it seems as though any project with a compelling-ish vision outlined in a whitepaper with minimal spelling errors could have raised huge sums of capital for its founders with few strings attached. Where could that possibly go wrong? After the fall, many of these projects fell into mainstream and even speculative irrelevancy. However, though some of their network valuations fell as much as 95%, many still commanded nine figure valuations and maintain their high CoinMarketCap rankings today.
I first met Unbounded Capital partners Dave and Zach while we all lived in the Bay area in 2018 while I was running a monthly Bitcoin SV meetup in San Francisco. As someone fully entrenched in Bitcoin technology for almost 3 years now, I constantly evaluate emerging products, services, and businesses I see building on Bitcoin SV.
Unbounded Capital
2021 was an exciting year in the cryptocurrency and blockchain space which brought soaring asset valuations for both publicly traded crypto assets and private equity. Unbounded Capital believes the strong foundations laid in Bitcoin SV in 2021 will support enormous value creation in 2022 and beyond.
