Can Bitlayer represent the future of BTCFi?
@BitlayerLabs With its pioneering BitVM Layer 2 technology, robust financing support, and ecosystem collaboration, it has the potential to become a leader in Bitcoin DeFi infrastructure. However, market competition and regulatory uncertainty still pose challenges to its long-term growth.
Seed Round: Bitlayer Labs completed a $5 million financing round, led by Framework Ventures and ABCDE Capital, with participants including StarkWare and OKX Ventures.
Series A: In July 2024, it further completed a $11 million financing round, led by Franklin Templeton, ABCDE, and Framework Ventures, bringing the total financing amount to $16 million.
