Arch Network raises $7M in a Seed funding round

#ArchNetwork secures $7M in a Seed funding round led by Multicoin Capital with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, Tangent, Cypher, Newman Capital, and others. Arch Network plans to use the funds to hire additional core developers, help launch the Arch Network into mainnet in the second half of 2024, and continue to support its burgeoning app ecosystem.

Arch Network is a parallelized, proof-of-stake network that uses zk-proofs to enhance #Bticoin -native programmability.

👉 twitter.com/ArchNtwrk/status/1788605929765945799

Arch Labs has received a $7 million investment to develop a platform for Bitcoin-native applications.

The seed funding round was led by Multicoin Capital, with other participants including Portal Ventures, OKX Ventures, and several other investors and contributors.

#archlabs #ArchNetwork #ARCH #buythedip #MicroStrategy