According to Cointelegraph, Bitfinity Network, a Bitcoin L2 solution, has completed a $12 million financing round. This includes $7 million from institutional investors such as Polychain Beacon Fund, ParaFi, Draft Ventures and Warburg Serres, as well as community off-chain investments of $5 million from a token sale.
The project will use the Chain Fusion technology of Internet Computer Protocol (ICP) to enable native Bitcoin assets to operate in an Ethereum-compatible ecosystem. This ecosystem will host decentralized applications such as Sonic, Chapswap, Lendfinity and Omnity Bridge. Additionally, the founders of Liquidity, a lending protocol with a billion-dollar TVL, are also involved in supporting the project.
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<p>The post Bitfinity Network Raises $12M for Bitcoin L2 Solution first appeared on CoinBuzzFeed.</p>
