BitVM-Dependent Bitlayer, a Prominent Bitcoin Layer 2 Option, Secures $5 Million in Funding, Introduces $50 Million ‘Ready Player One’ Project

Fascinating News from Singapore! 🚀 April 3rd, 2024, Chainwire

Get prepared for some main buzz in the crypto world! Bitlayer Labs, creators of the groundbreaking Bitcoin Layer 2 resolution driven by BitVM, just secured a significant $5M in seed funding. Who led the demand? None other than Framework Ventures and ABCDE Cash, with assistance from large names like StarkWare, OKX Ventures, Alliance DAO, and more. Keep onto your hats as Bitlayer gears up for their Ready Player One particular program, calling on builders around the globe to innovate, boost, and create on the protocol.

Currently, Bitlayer Labs proudly announced the successful completion of a $5 million seed funding round, valuing the enterprise at $80 million. Their mission? To revolutionize Bitcoin’s operation as the go-to computation layer for the potential.

The Powerhouses Driving the Expense

A stellar solid of investors, including Framework Ventures, ABCDE Funds, StarkWare, and much more, stepped up to support Bitlayer’s vision. But that is not all – angel buyers like Ryan Selkis, Dan McArdle, and Loi Luu, together with sector giants Hacken and AWS Cloud, joined the occasion, boosting the seed spherical to new heights.

Bitlayer’s rise to the major has captivated significant interest from the expense neighborhood, signaling a bright foreseeable future for the Bitcoin ecosystem.

Unlocking the Potential of Bitlayer

Bitlayer stands out as the initial Bitcoin Layer 2 network leveraging BitVM, guaranteeing prime-tier security and limitless prospective. Their bold target? To weave a world-wide-web of connectivity and scalability for the complete Bitcoin ecosystem.

The refreshing injection of money solidifies Bitlayer’s foremost placement in the Bitcoin Layer 2 room, setting the stage for a potential the place Bitcoin rises higher than its rivals in size, speed, and security. The money will also fuel group growth attempts, bringing in new talent to assistance world wide progress.

Using on a wave of optimism, investment decision firms are rallying behind Bitlayer, recognizing its pivotal role in shaping the potential of Bitcoin.

Words and phrases From the Investors

Roy Learner from Framework Ventures praised Bitlayer’s approach, stating, “We are thrilled to help Bitlayer as they roll out the first Bitcoin Layer 2 network pushed by BitVM. By deciding upon BitVM, Bitlayer strikes the perfect stability amongst scalability and safety, offering new alternatives for DeFi on the Bitcoin blockchain. Led by visionaries like Kevin and Charlie, the workforce blends complex skills with crypto knowledge, promising to revolutionize Bitcoin’s utility.”

Qiao Wang, co-founder of Alliance DAO, echoed the sentiment, stating, “Transitioning to a Bitcoin-concentrated way of thinking has been amazingly enjoyable, primarily with improvements like Bitlayer main the way. The probable to increase Bitcoin’s functionalities and scalability as a result of Layer 2 options opens up a planet of choices for the trillion-greenback Bitcoin market. Bitlayer’s team is geared up to tackle this obstacle head-on, marking a pivotal instant in Bitcoin’s historical past.”


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Co-founder Charlie Hu expressed gratitude for the overwhelming assist, emphasizing the community’s belief in Bitlayer’s mission and possible to reshape the Bitcoin DeFi landscape for the better.

Armed with clean money, Bitlayer is poised to guide the evolution of Bitcoin, attracting builders and buyers alike to investigate the realms of Layer 2 options.

“Our purpose at Bitlayer is to revolutionize scalability within the Bitcoin ecosystem, catering to tens of millions of likely people with a consumer-helpful, safe platform,” stated Kevin He, Bitlayer’s co-founder. “Our solution provides lightning-rapidly transactions at competitive prices, all while upholding Bitcoin’s core safety concepts.”

With the Bitcoin halving occasion on the horizon, a robust ecosystem is important for sustained advancement. Bitlayer’s meticulous arranging and demanding security measures established the phase for a vibrant builder neighborhood, with the mainnet scheduled for launch on April 5th.

Ready Participant One– The Video game-Changer!

To generate innovation and incentivize jobs on the Bitlayer mainnet, Bitlayer unveils its ecosystem incentive plan, All set Player 1.

This groundbreaking initiative aims to distribute token rewards exceeding $50M to standout jobs and groups deploying on Bitlayer, paving the way for exponential progress inside the ecosystem.

Bitlayer is dedicated to supporting all jobs with:

  • Prospective for expenditure from main establishments
  • Original liquidity assistance
  • Intensive products improvement means
  • Mentorship from renowned incubators
  • Local community assist from crypto veterans
  • Collaboration prospects inside the ecosystem

Keen to learn additional? Check out the entire article listed here!

Find out the Electricity of Bitlayer

Bitlayer, the trailblazer in Layer 2 answers for Bitcoin, is in this article to revolutionize the world of crypto. With increased security and limitless features, Bitlayer aims to elevate Bitcoin to new heights. It truly is time to expertise extremely-scalability and lightning-rapid transactions, all backed by Bitcoin’s unwavering safety protocols.

Master more about Bitlayer:

Web page | Twitter | Discord | Medium | Github

Contact

Your Electronic Advertising Skilled
Sky Harris
Bitlayer
[email protected]


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