๐ SatLayer has just secured $8.00M in its latest funding round! ๐
๐นAbout: SatLayer is a modular security layer built on Bitcoin, designed to secure decentralized applications and protocols. By leveraging Bitcoinโs robust economic collateral, SatLayer introduces Bitcoin Validated Services (BVS), offering enhanced security for the entire crypto ecosystem. This project aims to provide developers with tools to align their projects with Bitcoinโs network, ensuring decentralized and secure operations across various blockchain applications. SatLayer is part of the Babylon ecosystem, which focuses on scaling Bitcoin to secure the Proof-of-Stake economy. The project supports AVS applications secured purely by Bitcoin, without any external dependencies. With a vision to unlock Bitcoinโs potential in securing decentralized finance, SatLayer is positioned as a critical infrastructure provider in the crypto space. The project has garnered significant attention and investment, raising $8 million in its pre-seed round. SatLayerโs innovative approach aims to enhance the security and scalability of blockchain applications, making it a promising player in the evolving crypto landscape.๐
๐น Lead Investors: OKX Ventures, CMS holdings, Mirana Ventures, Amber Group, Hack VC and many more.
๐น Total Raised: $8.00M.
๐น Project Category: Bitcoin Ecosystem, DeFi, Scaling.
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