According to TechFlow, on September 18, Coindesk reported that Hemi Labs, co-founded by Bitcoin developer Jeff Garzik, has completed a $15 million financing to develop and launch Hemi, a second-layer blockchain network built on Bitcoin and Ethereum. This round of financing was led by Binance Labs, Breyer Capital and Big Brain Holdings.
Breyer Capital was an early investor in Facebook, Circle, and Spotify. As a single blockchain and a second-layer solution for both Bitcoin and Ethereum, the Hemi network aims to combine the advantages of the two networks, integrating the security of Bitcoin with the liquidity and programmability of Ethereum. Garzik said that when building a second-layer network, the most attractive approach is to build on both Bitcoin and Ethereum. Currently, Hemi's incentive testnet is online, and the mainnet is scheduled to be launched in the fourth quarter of this year. Other institutions participating in the investment include well-known investors such as Crypto.com, Web3 Ventures, and HyperChain Capital.
