The Bitcoin data availability layer project Nubit has completed an $8 million seed round financing, led by Polychain Capital

2024-06-05 22:09:25

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ChainCatcher news, Bitcoin data availability layer project Nubit has completed a $8 million seed round financing, led by Polychain Capital, with participation from Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, Mask Network, and others. The latest round of financing brings Nubit's total funding to $12 million. Nubit aims to develop the most secure and scalable data availability (DA) layer for multi-chain ecosystems, supporting limitless applications including AI, SocialFi, and GameFi. The team will launch the Alpha testnet in June, marking the final phase before the mainnet launch later this year.

Additionally, the Web3 asset data platform RootData shows that Nubit is a scalable Bitcoin-native data availability layer, protected by Bitcoin. Nubit is capable of expanding Bitcoin's data capacity without compromise, empowering applications such as Ordinals, Layer 2s, price oracles, and indexers, thereby broadening the scope and efficiency of the Bitcoin ecosystem.

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