### Yala completes $8 million seed round, adding a new star to the blockchain world
Hey, crypto enthusiasts! Today we have a big news to share: Yala, the Bitcoin liquidity protocol and stablecoin issuer, announced the successful completion of an $8 million seed round! This is big news, come and see the details! 🎉
#### Leading investment institutions are big names
This round of financing was led by Polychain Capital and Ethereal Ventures, and the lineup of follow-up investors is also quite luxurious, including Galaxy, Anagram, Amber Group, etc. A total of 12 well-known investment institutions participated in this round of financing, which is really dazzling. The participation of these big guys has undoubtedly added a lot of confidence to Yala's future development.
#### Clear use of funds
Although the specific valuation has not been disclosed, Yala has made it clear that the funds will be mainly used for team expansion, product development and security improvement, and to prepare for the mainnet release. What's even more exciting is that investors have also pledged to pledge more than 2,000 bitcoins to Yala! This is a significant number, which shows everyone's trust and expectations for Yala.
#### Mission and Vision
Yala's mission is to connect Bitcoin with major ecosystems and improve Bitcoin's liquidity through stablecoins as a medium. Its modular architecture enables Yala to be deployed cross-chain on EVM-compatible platforms (such as Ethereum) and non-EVM systems (such as Solana), thereby enhancing Bitcoin's composability and promoting the development of an open Bitcoin DeFi ecosystem. In short, Yala is paving the way for the future of Bitcoin.
#### Testnet is coming soon
According to the official, Yala's testnet will be released next week. This means that we will soon be able to see Yala's actual performance. Are you already impatient?
#### Interaction time
The success of this financing has undoubtedly injected a shot of confidence into the blockchain industry. What do you think of Yala's future? Do you think Yala can stand out in the highly competitive blockchain market? Welcome everyone to speak freely in the comment area and share your views and expectations!
In general, Yala's financing not only demonstrates its strong appeal, but also brings new hope to the blockchain industry.Let's look forward to Yala's future performance!
Come to the comment section and discuss with us!
