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New
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VIP Wealth Hub
New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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Bitfinity Network launches BTCL2 network and announces completion of $12 million financing.
PANews, Nov. 19th - According to Cointelegraph, BTCLayer2 solution Bitfinity Network has launched and raised $12 million in funding. It aims to create Decentralized Finance (DeFi) capabilities that are compatible with the Ethereum Virtual Machine (EVM) for Bitcoin (BTC). This funding round includes $7 million from well-known supporters, including Polychain’s Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres, as well as an additional $5 million from an off-chain token sale. According to the introduction, Bitfinity Network will use the chain fusion technology of Internet Computer Protocol (ICP) to make BTC native assets “able to operate in an ETH-compatible ecosystem”. In addition, the security of its L2 network is strengthened by “using the powerful Proof of Stake protocol of Chain-Key technology”.