According to BlockBeats, on November 19, Cointelegraph reported that the Bitcoin L2 solution Bitfinity Network announced the completion of US$12 million in financing, including US$7 million invested by institutions such as Polychain Beacon Fund, ParaFi, Draft Ventures and Warburg Serres, and US$5 million raised from the community over-the-counter (OTC) token sale.
The project will use the Chain Fusion technology of Internet Computer Protocol (ICP) to enable the operation of Bitcoin native assets in an Ethereum-compatible ecosystem. The ecosystem plans to host decentralized applications including Sonic, Chapswap, Lendfinity and Omnity Bridge. It is worth noting that the founder of Liquity, a lending protocol with a billion-dollar TVL, also participated in supporting the project.
