Merlin Chain Functional Introduction:

Merlin Chain is a second-layer solution for Bitcoin that integrates key modules such as the ZK-Rollup network, decentralized oracle network, and fraud proofs on the Bitcoin chain. It focuses on empowering Bitcoin's first-layer native assets, protocols, and application ecosystems, enabling it to continue to innovate and amplify asset potential on the second-layer network.

Merlin Chain is a sub-product line of Bitmap Tech. Bitmap Tech (formerly known as RCSV) has been deeply involved in the Bitcoin ecosystem for a long time, with an overall market value of more than US$500 million. The BRC-420 "blue box" it issued has become one of the most popular assets in the Ordinals protocol.

Merlin Chain recommendation reasons:

Jeff, the founder of Merlin Chain, is a long-term contributor to the Bitcoin ecosystem and the youngest recipient of Forbes 30 Under 30. In his past entrepreneurial experience, he has received financing from top institutions such as Sequoia Capital, IDG Capital, BAI Capital (Betasman), 5Y Capital, and Oasis Capital.

The Bitmap Tech team is behind Merlin Chain. In addition to the BRC-420 protocol, they have also launched Bitmap.Game (Bitmap Metaverse) and Recursiverse (a product matrix based on the recursive protocol). Bitmap's market value has recently soared from $3 million to a maximum of $290 million, and the number of currency holding addresses has reached 30,000+

Bitmap.tech has established the largest layer-1 asset community in the Bitcoin ecosystem, owning the Bitcoin ecosystem’s No. 1 NFT, Blue Box, with a market value of $350 million, a community of 33,000 Bitmap holders, the BRC420 asset protocol with the second largest market value in the Bitcoin ecosystem, and the Bitcoin Layer2 expansion solution Merlin Chain. It is one of the strongest players in the Bitcoin ecosystem.

Bitmap.tech is unique in its Layer2 strategy. Unlike other Layer2s that "first build the second layer and then have assets", Bitmap "first build the first layer assets and then the second layer", directing its leading first layer assets and strong user group consensus to the second layer.

Bitmap.tech holds a blue box worth 200 million US dollars and a community of 33,000 Bitmap holders. These assets can have a rich asset reserve and user base on the first day of Merlin Chain's launch, and have advantages that other Bitcoin Layer2 cannot match.

Merlin Chain Investment Institutions:

Merlin Chain announced the completion of financing, with 24 institutions including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital participating in the investment.

Merlin Chain release method:

The Merlin Chain mainnet will be launched today. It does not follow the Ethereum system of tasks, odysseys, points, etc. There is no PUA and no ridicule. The person in charge said that Merlin Chain will adopt a fair launch method. Although it will be slightly different from the fair launch of Inscription, it still hopes to benefit the community and become a popular Bitcoin Layer2 network jointly promoted by the project party and community participants.

Conclusion:

As an early player in the BRC420 ecosystem, the Zhilian team has been keeping up with the pace since the blue box was $100 to the current $30,000. Although the blue box has sold out, it has allocated a lot of other BRC420 assets. Seeing that the community is getting stronger and the ecosystem is getting more and more complete, we suggest that everyone pay attention to the opportunities of Merlin Chain's second layer, which are still early opportunities.