Bitcoin layer-2 startup Bitlayer raises $11m

Category: Finance

Bitlayer has raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE, increasing its total funding to $16 million. The funds will enhance Bitlayer's Web3 platform and support the development of its Mainnet-V2, a Bitcoin-native rollup. The company aims to expand its ecosystem and solidify its role in the Bitcoin network, potentially attracting significant liquidity to the Bitcoin-based decentralized finance sector.

Keywords: Bitlayer, Series A funding, Bitcoin

Source: crypto.news

Update At: 7/23/2024

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