Bitlayer Labs raised $5M in a seed funding led by Framework Ventures and ABCDE Capital to launch Ready Player One program and grow its team.
Bitlayer Labs raised $5M in a seed funding led by Framework Ventures and ABCDE Capital to launch Ready Player One program and grow its team.
04/03/24, 5:24 AM
Location
singaporeMoney raised
$5 million
Industry
information technology
Round Type
seed
Investors
Loi Luu, Andy, Trung, Dyma, Dan Held, Dan Mc Ardle, Ryan Selkis, Web3 Port, Pivot Global, Global Coin Research, Kestrel, Kenetic Capital, Asymmetric Capital, Utxo Management, Alliance Dao, Okx Ventures, Stark Ware, Abcde Capital, Framework Ventures
Bitlayer Labs, the developer of Bitcoin Layer 2 protocol Bitlayer, announced a seed round of $5M led by Framework Ventures and ABCDE Capital, participation by StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital and many more. The announcement comes as Bitlayer prepares the launch of its open-incentive program Ready Player One, inviting developers worldwide to augment, enhance, and build on the protocol.
Company Info
Location
singapore, southeast asia, singapore
Additional Info
Bitlayer is the first Layer 2 solution offering Bitcoin-equivalent security and Turing completeness. It's also the first built on BitVM. Bitlayer aims to bring secure scalability to the Bitcoin ecosystem, promoting asset diversity and spurring innovation for a faster, safer, and more flexible user experience.