Definition ∞ Patient capital refers to investment funds provided with a long-term outlook, prioritizing sustained growth and impact over immediate financial returns. This type of capital is typically committed for extended periods, allowing ventures to develop and mature without pressure for rapid profitability. In the digital asset space, patient capital supports the development of foundational blockchain infrastructure or nascent protocols. It often accepts higher initial risk for potentially greater future rewards.
Context ∞ The availability of patient capital is frequently cited as a crucial factor for the long-term development and innovation within the digital asset and Web3 sectors. Projects requiring significant time for technological maturation or market adoption often rely on such funding to navigate early challenges. News reports on venture funding rounds in crypto often distinguish between patient investors and those seeking quicker liquidity events.