Were you aware that Primal received $1 million dollars in funding from a venture capital firms Ten31 & Hivemind?
I looked into it and saw that other companies like Alby and Fountain, WavLake are also backed by the same group. No wonder some of these Nostr-connected apps are starting to get really polished really fast.
This kind of funding is great for Nostr adoption—but I bet these companies are now under pressure to make a return for their investors. We’re already seeing signs of monetization, like Primal subscriptions and their new studio package. It’s all very interesting to watch unfold.
I’ve never invested in a startup myself, but I probably would if I truly believed in the idea. What about you—would you invest, or just keep stacking sats? Startups are high risk, Bitcoin is not.
These investor firms have the fiat mentality. Their strategy is usually invest in 20 startups, and hope 1 turns into a unicorn. It’s about high-growth, high exit.
Either way. It helps Nostr grow.
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