🎉 QED Protocol has just secured $6.00M in its latest funding round! 🎉
🔹 About: QED Protocol is Bitcoin’s native execution layer, purpose-built to tackle the challenges of Web3 development. This horizontally scalable, secure, and user-friendly platform caters to both developers and users, supporting a wide range of applications—from DeFi to NFTs and beyond. Decentralized applications built on QED can locally prove transactions, providing users with unlimited computation for a fixed gas fee. Notably, QED leverages an innovative method where every user’s public key functions as a custom zero-knowledge (ZK) circuit, featuring ‘smart signatures’ that can be read from state, akin to a smart contract1. Recently, QED raised $6 million in a seed round led by Blockchain Capital, emphasizing its commitment to scalability and privacy enhancements for the Bitcoin ecosystem.
🔹 Lead Investors: Blockchain Capital, Arrington XRP Capital, Draper Dragon, Valhalla Capital and many more.
🔹 Total Raised: $9.00M.
🔹 Project Category: Layer-2 Chain, Bitcoin Scaling.
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