BTC L2 solution Bitfinity Network completes $7 million financing

robot
Abstract generation in progress

Techub News, according to Cointelegraph, BTC L2 solution Bitfinity Network announced the completion of a $7 million new round of financing, with investors including Polychain's Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres. The funds raised will be used to create Decentralized Finance functionality for BTC compatible with the Ethereum Virtual Machine (EVM) based on ICP's Chain Fusion technology.

The project raised $5 million in OTC Token sales earlier this year (mostly from community contributions), with a current total financing amount of $12 million.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)