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Corn Raises $8.3 Million in Community Funding to Boost Bitcoin Usage on Ethereum Layer 2
Corn, an Ethereum Layer 2 network, has raised $8.3 million in a community funding round. The round was participated in by 675 investors along with venture capital and investment firms.
Corn, an Ethereum Layer 2 network that aims to use Bitcoin within the decentralized finance ecosystem, has raised $8.3 million in a community funding round.
The round was raised through a compatible token sale platform called Legion and was participated in by 675 investors along with venture and investment firms including Polychain, Amber, GSR, Presto, Laser Digital, and others.
Corn noted that venture capital firms and community investors participated on the same terms. The funding round was oversubscribed, with orders exceeding the supply by seven times, attracting the interest of over 4,200 investors.
Although not yet fully operational, Corn aims to deepen Bitcoin’s integration into the DeFi ecosystem by using it as a gas token through the issuance of a new hybrid token called BTCN.
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