ChainCatcher news, Bitcoin development company Layer 2 Labs has completed a $3 million seed round financing, but has not disclosed the angel investors for this round. The funds will be used to implement innovative sidechain solutions on the Bitcoin network.It is reported that Layer 2 Labs CEO and founder Paul Sztorc is a well-known Bitcoin researcher and developer who has been working on drivechains since 2015, aiming to enable Bitcoin users to access innovative features and products currently limited to altcoin networks. In addition to Sztorc, the founding team of Layer 2 Labs also includes Bitcoin core contributor CryptAxe and Austin Alexander, a senior figure with 8 years at Kraken. (CoinDesk)