Prosper receives investment from Waterdrip Capital in its native tokens to solidify its strategic positioning in Bitcoin ecosystem
2024/11/06
Prosper, a decentralized protocol with the aim of bridging institutional-grade Bitcoin mining power on-chain and providing full exposure to the broader Bitcoin ecosystem, today announced that Waterdrip Capital, one of the earliest venture capital investors focused on investing in innovative blockchain startups, has made an investment in its native project token PROS.
Prosper's new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well received by the community, and this investment represents an important validation of its thesis by institutional investors as well. In addition to the investment, Waterdrip Capital and Prosper will work closely to explore other collaboration opportunities, including but not limited to potential partnerships with Waterdrip Capital's 30+ portfolio companies related to the Bitcoin/RWA ecosystem to expand PROS utility and use cases.
As one of the first-movers with the foresight of investing into the broader Bitcoin ecosystem and deep knowledge across different Web3 subsectors, Waterdrip Capital's support will allow Prosper to bring an unprecedented opportunity to the current Bitcoin mining space.
About Waterdrip Capital
Waterdrip Capital was co-founded by veterans of the Chinese blockchain industry in 2017. As an investment institution specializing in the blockchain vertical, Waterdrip Capital has invested in over 200 blockchain projects, covering areas such as public chain infrastructure, Bitcoin ecosystem, DeFi, DePIN, RWA, Compliance Finance, etc.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, visit prosper-fi.com or follow us on X (formerly Twitter).
