New York, United States, February 5th, 2024, Chainwire
Merlin Chain, the native Bitcoin Layer2, has recently secured funding from 24 investors including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital. This funding round will enable Merlin Chain to continue enriching the ecosystem and boosting overall liquidity. The team behind Merlin Chain is committed to the development of the Bitcoin ecosystem and aims to bring more users and assets to Bitcoin through their work.
Empowering Bitcoin’s Native Assets
Merlin Chain offers a native scaling solution that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. Their goal is to empower Bitcoin’s native assets, protocols, and products on Layer1 in order to make Bitcoin fun again.
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, a premier OG team with an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.
To stay updated with Merlin Chain’s latest developments, you can follow them on Twitter.
Hot Take: Merlin Chain Secures Funding for Bitcoin Native Innovations
Merlin Chain has successfully raised funding from various investors including OKX Ventures and ABCDE. With this funding, they aim to enhance the Bitcoin ecosystem and attract more users and assets to Bitcoin. Their native scaling solution integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. The launch of their mainnet is imminent, followed by staking events and the distribution of their governance token through a fair launch. Merlin Chain is determined to make Bitcoin fun again by empowering its native assets and protocols on Layer1. Stay tuned for updates on their Twitter account.
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