The modular blockchain network Hemi mainnet has officially launched

ChainCatcher news, according to official sources, the modular blockchain network Hemi mainnet has officially launched.

ChainCatcher previously reported that the modular blockchain developer Hemi Labs has completed a $15 million financing round, led by Binance Labs, Breyer Capital, and Big Brain Holdings, with participation from Crypto.com, HyperChain Capital, Alchemy, SALT Fund, Kelly Capital, Sunflower Capital, DNA Fund, Web3 Ventures, Quantstamp, TRGC, UTXO, Artichoke Capital, SNZ Holding, Capital6, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Wu Jihan (Bit Deer), and George Burke (Portal).

According to the Web3 asset data platform RootData, [Hemi Network](https://www.rootdata.com/zh/Projects/detail/Hemi Network?k=MTM2NzE= "Modular Layer 2 Network") is a modular Layer 2 network that facilitates Ethereum smart contract functionality protected by the Bitcoin network. The chain introduces the Hemi Virtual Machine (hVM), which integrates a full Bitcoin node into the Ethereum Virtual Machine (EVM) — the core smart contract engine of Ethereum. HVM allows developers to create smart contracts that interact with the Bitcoin state, unlocking Bitcoin-based DeFi applications, including staking, lending markets, and democratized MEV markets.