The Bitcoin L2 project BEVM announced the completion of its seed round and part of its Series A financing of tens of millions of dollars, with a post-investment valuation reaching 200 million dollars

ChainCatcher news, Bitcoin Layer2 project BEVM announced that it has completed its seed round and part of its Series A funding, with an investment amount reaching tens of millions of dollars. The participating investors include nearly 20 institutions such as RockTree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, Satoshi Lab, Web3port, Cogitent Ventures, MH Ventures, Mapleblock, Electrum Capital, Zephyrus Capital, Lotus Capital, 7UPDAO, TimeTells, and others, with a post-investment valuation of 200 million dollars.

The funds raised will be used to develop the Bitcoin ecosystem based on the Taproot consensus. BEVM will launch "BEVM-Stack" (BTClayer2 as a service), helping developers to launch BTClayer2 with one click. In addition, BEVM will also develop the DBFX (decentralized Bitcoin foreign exchange) protocol, seamlessly integrating native BTC into any DeFi protocol on any chain.