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Venture capital and BSV blockchain with Ayre Ventures

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Venture capital and BSV blockchain with Ayre Ventures

Ayre Ventures' Managing Director, Paul Rajchgod, discusses the enterprise adoption of BSV Blockchain during the London Blockchain Conference

Paul Rajchgod (Managing Director of Ayre Ventures) discussed enterprise adoption trends on the BSV blockchain in a presentation during the London Blockchain Conference 2023. Rajchgod laid out what Ayre Ventures is, its investment strategy, and why it has a lot of stake in the BSV blockchain ecosystem.

To start his presentation, Rajchgod showcased Ayre Ventures’ portfolio of companies. He noted that the emphasis is on business-to-business (B2B) or business-to-business-to-consumer (B2B2C) entities, of which many are part of the BSV ecosystem.

Why BSV blockchain

Rajchgod highlighted the ongoing wave of enterprise adoption on the BSV blockchain, emphasising why Ayre Ventures focuses on this blockchain. He pointed out BSV blockchain’s unique features:

  • Unbounded scaling;
  • Low transaction costs are ideal for micro and nano payments (including IoT);
  • Proven resilience and security;
  • Eco-friendliness.

Comparing it to a busy train, Rajchgod explained that the BSV blockchain is efficient even with high transaction volumes. He added that the key requirements for enterprise and government adoption—unbounded scaling, low costs, and resilience—are met by the BSV blockchain.

He emphasised BSV blockchain as an enterprise-level data management and value system, enabling new ways to pay for data usage. The integration of big data solutions with the internet is seen as a future necessity, making BSV crucial for organisations to stay competitive, he said. Rajchgod also showcased several enterprises already using the BSV blockchain, highlighting their competitive edge in adopting scalable Web3 technology.

Case studies

Rajchgod presented several case studies of enterprises utilising the BSV blockchain. He began with nChain, a top blockchain tech and IP company helping clients transition from Web2 to Web3, where Ayre Ventures is also an investor.

mintBlue, a blockchain-as-a-service platform and Ayre Ventures investment showcased its capability by putting over 50 million transactions on the BSV blockchain in 24 hours, incurring minimal fees.

Rekord, a company bridging the gap between blockchain, IoT, and robotics in manufacturing, conducted a scaling test in 2023, recording almost 24 million transactions in 24 hours for a cost of $473.14. These case studies exemplify the diverse applications and efficiency of BSV blockchain in enterprise-focused businesses.

BSV adheres to economic principles

Rajchgod summarised the advantages of the BSV blockchain, emphasising its adherence to economic principles. He highlighted the decreasing transaction costs per unit as the platform scales, contrary to the notion propagated by some other blockchains that costs increase with usage.

Rajchgod pointed out that the laws of economics, business, and capitalism also apply in the blockchain world, and the declining transaction prices make it more favourable for enterprises and governments to adopt blockchain technology. He mentioned specific examples, like Mint Blue and Rekord, showcasing remarkably low transaction fees of $0.00008 per transaction during scaling tests.

Investing in BSV companies – three key players

Rajchgod discussed the growth in the investment community around the BSV blockchain, highlighting three key players. Block Dojo, a London-based incubator, has rapidly expanded, launching 40 companies with the participation of 60 investors.

nChain has also started selectively investing in companies utilising BSV blockchain, owning 51% of Block Dojo. Additionally, Ayre Ventures announced its investment in SNGLR Capital, a seed-stage VC focusing on high-growth sectors enabled by AI, blockchain, and IoT, using BSV blockchain.

Rajchgod briefly touched on Ayre Ventures’ investment criteria, emphasising a focus on data integrity, transparency, empowerment, and monetisation. The investment team seeks technologies to help traditional Web2 companies transition into true Web3 entities. They prefer companies with scalable business models, recurring revenue, high margins, and low costs. Furthermore, Ayre Ventures values management teams with successful track records and companies in the growth stage with strong revenue growth and active customer usage.

Michael Sprick

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