Plan B Network and the Plan B VC Fund have unveiled CypherTank, a Bitcoin-focused pitch competition set to take place in Lugano during the Plan B Forum. The initiative, offering over $850,000 in total prizes, aims to spotlight innovative Bitcoin projects and establish Lugano as a premier Bitcoin hub.

The competition will feature eleven carefully selected projects – eight for-profit and three nonprofit – competing across various categories, including on-chain Bitcoin technology, Lightning Network applications, peer-to-peer innovations, and solutions for emerging markets. For-profit winners will share a $450,000 pre-authorized investment via a capped SAFE from the Plan B VC Fund,…

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