#BitlayerLabs

Bitlayer Labs is forging the future of Bitcoin scalability as the first Layer 2 protocol built on BitVM, combining Bitcoin-level security with Turing-complete programmability. In April 2024, it closed a $5 million seed round—led by Framework Ventures and ABCDE Capital—and launched its “Ready Player One” incentive program to catalyze developer engagement . By October 2024, it had raised an additional $9 million via a Series A extension, bringing its total to $25 million and underlining strong investor confidence . Bitlayer supports Ethereum-compatible tooling (EVM, SolanaVM, etc.), enabling programmable asset flows and smart contracts atop Bitcoin . It has also expanded into DeFi through strategic collaborations—securing capital from MNCapital_vc and forging a partnership with the SUI blockchain to introduce cross-chain functionality . Collectively, these developments underscore Bitlayer Labs’ mission to elevate Bitcoin into a scalable, programmable finance hub.