According to Techub News, Nubit, a Bitcoin data availability layer project, has announced the completion of a $8 million seed round of financing, led by Polychain Capital, with participation from Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca and Mask Network. Currently, Nubit's total financing has reached $12 million. The team plans to launch the Alpha testnet in June and the mainnet later this year.