Bitcoin Layer 2 project Bitlayer Labs announced the completion of a $5 million seed round financing, led by Framework Ventures and ABCDE Capital

2024-03-27 12:36:37

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ChainCatcher news, Bitcoin Layer 2 project Bitlayer announced the completion of a $5 million seed round financing. This round was co-led by Framework Ventures and ABCDE Capital, with participation from institutions including StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, Pivot Global, Web3Port, Mindfulness Capital, C6E Capital, PAKA, Comma3 Capital, and Kronos Ventures, as well as notable Bitcoin OG & KOL Dan Held, Messari CEO Ryan Selkis, and co-founder Dan McArdle among other well-known Web3 entrepreneurs.

It is reported that Bitlayer aims to become the computing layer for Bitcoin and is the first Bitcoin-secure equivalent Layer 2 based on the BitVM paradigm. Bitlayer plans to launch the first version of its mainnet on April 5 and introduce the ecosystem incentive program Ready Player One.

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