๐ Hemi Network has just secured $15.00M in its latest funding round! ๐
๐นAbout: The Hemi Network is a modular blockchain project developed by Hemi Labs, co-founded by early Bitcoin developer Jeff Garzik and blockchain security expert Max Sanchez. This network aims to unify Bitcoin and Ethereum into a single, scalable, and secure system, leveraging the strengths of both blockchains. Hemiโs unique architecture includes the Hemi Virtual Machine (hVM), which integrates a Bitcoin node within the Ethereum environment, allowing developers to create decentralized applications (dApps) that operate across both networks.
The project has garnered significant attention and investment, raising $15 million in a funding round led by Binance Labs, Breyer Capital, and Big Brain Holdings. Hemiโs consensus mechanism, Proof-of-Proof (PoP), enhances security and interoperability, making it a promising solution for the future of blockchain technology. The incentivized testnet is already live, with the mainnet launch planned for late 2024. By bridging the gap between Bitcoin and Ethereum, Hemi aims to unlock new possibilities for decentralized finance (DeFi) and smart contracts. This project represents a significant step forward in the evolution of blockchain technology, offering a more integrated and efficient ecosystem for developers and users alike. ๐๐
๐น Lead Investors: Binance Labs, Alchemy, Quantstamp, Big Brain Holdings and many more.
๐น Total Raised: $15.00M.
๐น Project Category: Modular Layer-2, Interoperabiliy.
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