Merlin Chain Secures Funding to Empower Bitcoin Native Innovations
Merlin Chain, the native Bitcoin Layer2, has announced a round of funding from 24 investors including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital. This funding will enable Merlin Chain to continue enriching the ecosystem and boosting overall liquidity.
The Vision of Merlin Chain
Merlin Chain offers a native scaling solution that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. The platform is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1, with the goal of making Bitcoin fun again.
Bitmap Tech: A Premier OG Team
Merlin Chain is built by Bitmap Tech, a premier OG team with an overall market cap exceeding $500 million. This team has shown a strong belief in Bitcoin and is committed to the development of the Bitcoin ecosystem. They aim to bring more users and assets to Bitcoin through their work.
Mainnet Launch and Future Plans
Merlin Chain is set to launch its mainnet this week. After the launch, the platform plans to host staking events and distribute its governance token through a fair launch, focusing on rewarding real users and builders. Additionally, Merlin Chain has built a powerful DApp ecosystem and has plans for further expansion.
About Merlin Chain
Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. It is a subsidiary product line of Bitmap Tech, known for its highly successful BRC-420 “Blue Box” collection. Users can follow Merlin Chain on Twitter for more updates.
Hot Take: Empowering Bitcoin’s Native Innovations
With its recent funding, Merlin Chain is set to empower Bitcoin’s native assets, protocols, and products on Layer1. The platform’s integration of scalability solutions and fraud-proof modules showcases its commitment to making Bitcoin fun again. Supported by the experienced Bitmap Tech team, Merlin Chain is poised to make a significant impact on the Bitcoin ecosystem. Keep an eye on their mainnet launch and upcoming staking events, as they continue to expand and reward real users and builders.
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