As a seasoned participant in the cryptocurrency space, Charlie has nearly 5 years of solid experience in Web3. Since 2019, he has been a community builder in the Polkadot ecosystem, where he has focused for two years; later, he joined Polygon and was responsible for ecosystem growth in the Greater China and Southeast Asia markets. Recently, while researching the Polkadot ecosystem, I specifically communicated with him about his relevant experiences and feelings.

2. Early investment layout experience: Since 2020, Charlie has started independent fundraising and founded LucidBlue Fund, focusing on investments in primary market projects in the Web3 field, accumulating rich industry resources and project judgment experience.

3. Project positioning and team background: Bitlayer is not a startup project by newcomers in the industry, but a Bitcoin Layer 2 solution personally developed by Charlie after transitioning from investor to entrepreneur, based on his deep understanding of the industry as a core project.

4. Financing progress and scale: The project's financing rhythm is clear, with $5 million completed in seed round financing in March 2024, followed by $11 million completed in Series A financing in July of the same year; on October 8, 2024, it secured an additional $9 million in Series A+ financing, totaling $25 million across three rounds of financing.

5. Strength of the investor matrix: Currently, Bitlayer's array of investment institutions includes several well-known entities in the industry, including Framework Ventures, ABCDE, Franklin Templeton, StarkWare, OKX Ventures, Alliance DAO, UTXO Management, and others. #Bitlayer @BitlayerLabs