The Bitcoin Layer2 project BEVM has announced the completion of its seed round and part of the Series A funding, raising tens of million USD.
The 20+ investors include RockTree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, Satoshi Lab, Web3port, Cogitent Ventures , MH Ventures, Mapleblock, Electrum Capital, Zephyrus Capital, Lotus Capital, 7UPDAO, TimeTells, etc. BEVM's post-investment valuation has reached $200 million.
BEVM is the first EVM-compatible Bitcoin Layer2 network built on Taproot Consensus and uses $BTC as gas, aiming to bring 10% of $BTC into the Layer2 network. Its Canary network went live in July 2023 which has nearly 100,000 on-chain users, processed over 6 million transactions and currently has more than 30 ecosystem projects.
It is reported that BEVM will launch its mainnet on March 28.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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