Bitlayer raises $11M in a Series A funding round

#Bitlayer secures $11M in a Series A funding round led by Franklin Templeton with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX and others. Bitlayer tackles Bitcoin's balance between security and completeness by utilizing cryptographic innovations and blockchain protocol engineering.

Bitlayer is a #Layer2 solution that achieves Bitcoin-equivalent security, built upon #BitVM . It emphasizes a verification process to ensure security on par with Bitcoin's #Layer1 . Previously, it raised $5M in a Seed funding round from OKX Ventures, Framework Ventures, Kenetic Capital and Alliance DAO.

👉 fortune.com/crypto/2024/07/23/franklin-templeton-bitcoin-bitlayer/