The Lightning Network liquidity staking project Stroom Network has completed a $3.5 million seed round financing, led by Greenfield

ChainCatcher news, the Bitcoin Lightning Network liquid staking project Stroom Network has completed a $3.5 million seed round financing. This round was led by the Berlin-based crypto investment firm Greenfield, with strategic support from Ankr's venture capital arm Mission Street, and participation from Lemniscap, No Limit Holdings, Cogitent Ventures, as well as several other venture capital firms and angel investors.

It is reported that Stroom Network employs a liquid staking mechanism to provide users with the ability to use Bitcoin simultaneously on the Lightning Network and Ethereum. The funds from this round will be used to further expand the team and to launch Liquid Staking tokens on the Ethereum mainnet.

Additionally, the Stroom Network team believes that introducing liquid staking for Bitcoin will help address the liquidity challenges faced by the Lightning Network.