The Bitcoin Layer2 project BEVM has announced the completion of its seed round and part of the Series A funding, raising tens of million USD.
The 20+ investors include RockTree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, Satoshi Lab, Web3port, Cogitent Ventures , MH Ventures, Mapleblock, Electrum Capital, Zephyrus Capital, Lotus Capital, 7UPDAO, TimeTells, etc. BEVM's post-investment valuation has reached $200 million.
BEVM is the first EVM-compatible Bitcoin Layer2 network built on Taproot Consensus and uses $BTC as gas, aiming to bring 10% of $BTC into the Layer2 network. Its Canary network went live in July 2023 which has nearly 100,000 on-chain users, processed over 6 million transactions and currently has more than 30 ecosystem projects.
It is reported that BEVM will launch its mainnet on March 28.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial listing] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
Crypto prices
More
