According to BlockBeats, on June 27, Bitcoin analysis startup Rebar completed a $2.9 million seed round of financing, led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital and UTXO Management. The new funds will be used to build the first Bitcoin-based MEV product. Rebar is building an alternative to public memory pools so that miners can better organize transactions. In addition to private memory pools that have been deployed on chains such as Ethereum, Rebar also plans to protect information from attacks by preemptive MEV robots by avoiding broadcasting information to the entire network, while building data products and dashboards.
