Ethereum L2 network Corn raised $8.3 million in community funding, with participation from Polychain and others
ChainCatcher news, according to The Block, the Ethereum Layer2 network Corn has raised $8.3 million in a round of community financing. This round of financing was raised through a compliant token sale platform called Legion, involving 675 investors and venture capital firms such as Polychain, Amber, GSR, Presto, and Laser Digital. Corn noted that the participation conditions for venture capital firms and community investors are the same.Although it is not yet fully operational, Corn aims to deepen the integration of Bitcoin with the DeFi ecosystem by using Bitcoin as a Gas token through a new hybrid tokenized version called BTCN. BTCN will be Corn's tokenized Bitcoin, backed 1:1 by native Bitcoin, and will not be limited by a single custodian or bridging solution. Corn will launch its own native token CORN to incentivize users and developers.