economic and monetary infrastructure

Ten31, an investment firm focused on Bitcoin-native companies, has announced its first Bitcoin developer and community grants, which are sourced from its fund’s management fees.

It will be supporting Open Sats, a nonprofit that funds Bitcoin contributors, as well as Bitcoin Q+A, a provider of accessible Bitcoin education content, with donations of undisclosed amounts.

“We formed our first fund, the Low Time Preference Fund, with the express intention of investing in great Bitcoin companies we believe would form the future foundation of the global economic and monetary infrastructure,” according to a Ten31 press release shared with Bitcoin Magazine. “We did not set out to create another traditional venture capital firm. Instead, we wanted to create a fund backed by bitcoiners, supporting bitcoiners.”

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