Satoshi Act Fund
The Satoshi Act Fund is a cryptocurrency fund that seeks to promote the development of blockchain technology and decentralization by providing early-stage financing for projects utilizing distributed ledger technology. The fund was launched in 2018 by Satoshi Labs, a firm specializing in the development of innovative blockchain solutions.
The mission of the Satoshi Act Fund is to provide capital to developers and entrepreneurs who are creating products and services related to distributed ledger technologies such as Ethereum, Hyperledger Fabric, IOTA, Ripple etc. It seeks to invest in promising projects that will make meaningful contributions towards realizing the potential of decentralized networks. Projects must demonstrate strong technical capabilities as well as clear plans for how they intend to use their funding wisely.
The fund provides early-stage financing ranging from $50k – $500k per project depending on its merits and needs. It primarily invests in equity but also considers convertible notes or other forms of debt investments when appropriate. In addition, it offers mentorship support for selected projects through its network of industry leaders, entrepreneurs and venture capitalists with expertise across multiple industries including finance, healthcare & life sciences, real estate & hospitality among others.
The team behind the Satoshi Act Fund has extensive experience in building successful businesses using distributed ledger technology both at an enterprise level as well as within startups ecosystems around the world.. They have invested over $30 million into various blockchain initiatives since 2017 including several prominent ones such as ChainLink (smart contracts) and 0x Protocol (decentralized exchange).