CoinVoice recently learned that Bitcoin scaling network Mezo has completed a $7.5 million financing, led by Ledger Cathay Fund, with participation from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol and Bybit's ecosystem project Mantle EcoFund. This round of financing brings its total financing amount to $30 million.
The new funds will be used for Mezoâs plans to expand adoption of its network, including integrating more products into its network, such as its Bitcoin staking platform Acre.
According to Web3 asset data platform RootData, Mezo is a Bitcoin Layer2 network that enables users to access applications that promote the use of Bitcoin tokens and promote the circular Bitcoin economy, not just "savings technology." Mezo utilizes the idle Bitcoin of holders through the "HODL Proof" points program. The longer the storage time, the more "HODL score multipliers" the contributors will get. [Original link]
