Bitcoin Layer2 project MAP Protocol receives strategic investment from Bitrise Capital's fund
ChainCatcher news, the Bitcoin Layer 2 project MAP Protocol announced on platform X that it has received a strategic investment from Bitrise Capital's $50 million Bitcoin ecosystem growth fund, with the specific investment amount undisclosed.It is reported that the MAP Protocol was established in 2019 and completed 5 years of development. It is a Bitcoin L2 infrastructure focused on peer-to-peer cross-chain interoperability. By leveraging the security mechanisms of the Bitcoin network and ZK-based Bitcoin light client technology, the MAP Protocol's Bitcoin L2 infrastructure not only ensures security guaranteed by the Bitcoin network but also allows assets and users from other public chains to interact seamlessly with the Bitcoin network. Currently, MAP Protocol has over 620,000 on-chain users, with a complete suite of Layer 2 ecological applications covering project launches, asset trading, lending, asset cross-chain, on-chain gaming, and NFTs, among a full range of Bitcoin L2 applications.