Botanix Labs Secures $8.5M Investment for Spiderchain Layer-2 Development

Tuesday, 7 May 2024, 16:00

Botanix Labs, a New York-based firm, has successfully raised $8.5 million in funding for Spiderchain, a layer-2 project designed to integrate seamlessly with Ethereum Virtual Machine (EVM) layers. This substantial investment from Polychain Capital and other stakeholders signifies a strong confidence in the potential of Botanix's innovative blockchain technology. The development of Spiderchain promises to enhance the scalability and efficiency of Bitcoin transactions through layer-2 solutions.
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Botanix Labs Secures $8.5M Investment for Spiderchain Layer-2 Development

Botanix Labs Raises $8.5M for Bitcoin Layer-2 Project

The recent funding round secured by Botanix Labs marks a significant milestone in the development of Spiderchain, a layer-2 project focused on improving Bitcoin transaction efficiency. This investment, spearheaded by Polychain Capital and other key investors, highlights the growing interest in blockchain scalability solutions.

Key Features:

  • Spiderchain designed to be compatible with Ethereum Virtual Machine (EVM) layers

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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