LK Venture announces investment in Bitcoin Layer2 scaling solution Merlin Chain

2024-02-07 11:49:06

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ChainCatcher news, Hong Kong listed company Blueport Interactive (8267.HK) affiliated crypto investment and research institution LK Venture announced that it has invested in the Bitcoin Layer2 scaling solution Merlin Chain through the Bitcoin network ecological investment management fund BTC NEXT.

Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC anti-fraud module, dedicated to empowering native assets, protocols, and products on Bitcoin Layer1 through Layer2 network, making Bitcoin interesting again. Bitmap Tech is the parent company of Merlin Chain, with a total market value of over 500 million USD, and its BRC-420 "Blue Box" series has become one of the hottest assets on Ordinals.

LK Venture founding partner Leo Deng stated that through the differentiated strategy of "first having the ecosystem, then having Layer2," Merlin Chain will bring the Bitcoin Layer1 assets represented by the Blue Box and the strong user community consensus of Bitmap holders into Bitcoin Layer2, endowing it with rich asset reserves and user base. We appreciate the efforts made by the team behind Merlin Chain, Bitmap Tech, in focusing on the Bitcoin ecosystem over the years, and look forward to the technological upgrades of Merlin Chain and the further expansion of its DApp ecosystem.

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