On June 5, Japanese venture capital firm Skyland Ventures announced its investment in Bitcoin's native second-layer network Bitlayer. Regarding this cooperation, Skyland Ventures general partner and CSO Yuan Xiaohang said that he believes that Bitlayer's advanced technology and EVM compatibility will open up new possibilities for developers and users. Bitlayer co-founder Charlie Hu said that Skyland Ventures participated in the project's Series A financing, and the two parties will establish a strategic partnership to jointly build Japan's Bitcoin ecosystem and developer community. Bitlayer is a Bitcoin security-equivalent Layer2 solution based on the BitVM paradigm, committed to becoming Bitcoin's computing layer, providing Bitcoin security equivalence and Turing completeness. Previously, Japanese venture capital firm Skyland Ventures announced that its Web3 fund Skyland Ventures No. 4 Fund has completed a total of 5 billion yen (about 38 million US dollars) in fundraising, with SBI Group participating. The fund was established in April 2022. As a seed venture capital fund, it mainly invests in Web2 and Web3 startups, especially actively investing in digital economy fields such as generative AI and the metaverse.