Bitlayer raises $11M in a Series A funding round

#Bitlayer secures $11M in a Series A funding round led by Franklin Templeton with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX and others. Bitlayer tackles Bitcoin's balance between security and completeness by utilizing cryptographic innovations and blockchain protocol engineering.

Bitlayer is a #Layer2 solution that achieves Bitcoin-equivalent security, built upon #BitVM . It emphasizes a verification process to ensure security on par with Bitcoin's #Layer1 . Previously, it raised $5M in a Seed funding round from OKX Ventures, Framework Ventures, Kenetic Capital and Alliance DAO.

👉 fortune.com/crypto/2024/07/23/franklin-templeton-bitcoin-bitlayer/

MAJOR RECENT CRYPTO FUNDRAISING EVENTS

#Ithaca #SecondLive $LIVE #delta #Humanode $HMND #Bitlayer #OpenGradient #YalaFinance #RDTechnologies

Bitlayer raises $9M in Extended Series A funding round

#Bitlayer secures $9M in Extended Series A funding round co-led by Polychain Capital and Franklin Templeton, with participation from SCB Limited, Selini Capital, G-20 Group and other investors. The funding round brings ​​Bitlayer's total funding to $25M. Bitlayer is gearing up to launch its V2 mainnet, featuring its OpVM technology - a verification mechanism that integrates validity proofs and fraud proofs.

Bitlayer is a #Layer2 solution that achieves Bitcoin-equivalent security, built upon BitVM. It emphasizes a verification process to ensure security on par with #Bitcoin 's #Layer1 .

👉 theblock.co/post/320093/bitcoin-layer-2-bitlayer-new-funding-valuation

MAJOR RECENT CRYPTO FUNDRAISING EVENTS

#B3fun #Caldera #PudgyPenguins #Bitlayer #aPirori #OpenSocial #DAOBase #Network3