Bitcoin L2 Projects Secure Funding to Boost DeFi Functionality

Quick Summary:

Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million.

On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors.

Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Placeholder Capital Defi Botanix Labs PolyChain Capital L2 Bitcoin L2 Decentralized finance (Defi) ZKM Okx Ventures DeFi

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-07 @ 21:32:31 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 20910300

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #62

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