@BitlayerLabs the startup infrastructure #Bitlayer has raised 5 million dollars through three rounds of oversubscribed tokens, the team announced on Wednesday. According to a statement, it raised capital from thousands of investors on crowdfunding platforms like CoinList and Echo.

The new capital will be used to expand the operational expansion of #Bitlayer , team growth, and ecosystem development. According to co-founder Charlie Hu, the project has already released integrations with blockchains like Arbitrum, Base, Cardano, and Sui. The team hopes to release the V2 of its mainnet by the end of this year.

#Bitlaye previously raised a seed round of 5 million dollars in March 2024 and a Series A round of 20 million dollars led by Framework Ventures and ABCDE Capital. The latest round brings its total funding to 29.91 million dollars through private and public rounds.

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