BEVM Bitcoin Layer2 Project Completes Seed Round with Major Investors
Tuesday, 26 March 2024, 12:27
BEVM Bitcoin Layer2 Project Overview
The BEVM Bitcoin Layer2 project has successfully completed its seed round and gained funding for its Series A stage. Valued at $200 million, BEVM aims to incorporate 10% of BTC into its Layer2 network with the use of Taproot Consensus.
Key Features of BEVM
- Technology: BEVM is the first EVM-compatible Bitcoin Layer2 network utilizing BTC as gas.
- Investors: Notable investors include RockTree Capital, Satoshi Lab, and other prominent names.
- Roadmap: BEVM's mainnet launch is set for March 28th to expand its ecosystem and user base.
Future Developments
Decentralized Services: BEVM plans to offer cross-chain custody services and launch tools like 'BEVM-Stack' for easier development.
Omer Ozden, Chairman of RockTree Capital, highlighted BEVM's potential to drive innovation and adoption in the evolving Bitcoin ecosystem.
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.