@BitlayerLabs #Bitlayer

Is Bitlayer a good investment?

While I couldn't find real-time trading data for a "Bitlayer" token (like a BTR token), there's no widely recognized listing on standard crypto markets. The investment landscape for tokens like these can be nebulous and high-risk.

Here’s what I did uncover:

Project Strengths & Momentum

Significant Institutional Backing:

Bitlayer has raised substantial funding across multiple rounds:

Seed round of $5M in April 2024 led by Framework Ventures and others Accesswire.

Series A ($11M) in July 2024, followed by an extended Series A ($9M) in October 2024—bringing its total funding to around $25M Bitlayer BlogCryptoRank.

Investors include Franklin Templeton, Polychain Capital, OKX Ventures, and others Bitlayer BlogMediumMedium.