Hemi Labs Secures $15M to Develop Innovative Bitcoin Ethereum Blockchain
Hemi Labs Secures Major Funding
Hemi Labs today announced it raised $15 million in an investment round led by Binance Labs, Breyer Capital, and Big Brain Holdings. This funding marks a significant milestone in Hemi's development of the modular blockchain Hemi Network, which is powered by both Bitcoin and Ethereum.
Revolutionizing Interoperability
Hemi is a modular blockchain network designed for superior scaling, security, and interoperability. It unifies Bitcoin and Ethereum as components of a single supernetwork, ultimately allowing users to move their assets between the Bitcoin and Ethereum networks with ease through Hemi's Tunnels.
Bridging the Gap in Earlier Attempts
There have been earlier attempts to integrate and scale the recognized capabilities of Bitcoin and Ethereum. However, Hemi's innovative technology seeks to address these challenges directly, paving the way for a more connected future in cryptocurrency.
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