Merlin Chain Secures Funding for 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. The funding will enable Merlin Chain to continue enriching the ecosystem and boosting overall liquidity.
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 committed to empowering Bitcoin’s native assets, protocols, and products on Layer1. Merlin Chain is a subsidiary product line of Bitmap Tech, a premier OG team with an overall market cap exceeding $500 million.
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Hot Take: Merlin Chain Boosts Bitcoin Native Innovations
Merlin Chain’s latest funding round signifies a significant boost for Bitcoin native innovations. With support from prominent investors, including OKX Ventures and ABCDE, Merlin Chain aims to empower Bitcoin’s ecosystem through its Layer2 solutions. This funding will not only enhance the ecosystem but also contribute to increased liquidity. As the mainnet launch approaches, Merlin Chain plans to reward real users and builders through staking events and governance token distribution. This commitment to the development of the Bitcoin ecosystem solidifies Merlin Chain’s position as a key player in scaling solutions and promoting innovation within the crypto space.
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