Bitlayer closes $9m extended series A round led by Polychain Capital
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: crypto
Updated: Oct 08 2024Funding Success: Bitlayer, a Layer 2 platform on Bitcoin, has successfully raised $9 million in an extended Series A funding round, totaling $25 million, with Polychain Capital leading the investment and significant participation from other firms.
Technological Advancements: The upcoming launch of Bitlayer V2 will feature a Bitcoin-native rollup that enhances programmability and security, aiming to foster the development of decentralized applications leveraging Bitcoin's liquidity.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
