🎉 Nubit has just secured $8.00M in its latest funding round! 🎉
🔹 About: Nubit is a layer 2 solution built on top of the Bitcoin blockchain. Its primary goal is to enhance Bitcoin’s scalability and data availability. Nubit acts as a data availability layer, allowing developers to build decentralized applications (dApps) that require efficient data storage and retrieval. By offloading data from the main Bitcoin chain, Nubit helps address scalability challenges, enabling faster and more cost-effective transactions. Leveraging Bitcoin’s security model, Nubit ensures robustness and trust. It remains closely tied to Bitcoin, ensuring compatibility and seamless interaction. Nubit finds applications in decentralized finance (DeFi), non-fungible tokens (NFTs), and more. The project thrives on community-driven development, with active contributors and supporters. Nubit represents an exciting endeavor to enhance Bitcoin’s capabilities while maintaining its security and decentralization. 🚀😊
🔹 Lead Investors: Polychain Capital, The Spartan Group, OKX Ventures, NGC Ventures and many more.
🔹 Total Raised: $11.00M.
🔹 Project Category: Bitcoin Scalability & DA Layer.
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