Franklin Templeton Invests $11 Million in Bitcoin Layer-2 Chain Bitlayer
Tuesday, 23 July 2024, 12:00
Overview of Bitlayer's Funding
Bitlayer, a layer-2 solution for Bitcoin, recently closed an $11 million funding round.
Leading Investor: Franklin Templeton
The funding was led by the well-known ETF issuer Franklin Templeton, highlighting their growing interest in cryptocurrency.
Implications of the Investment
- This investment reflects growing investor confidence in blockchain technology.
- Bitlayer aims to improve Bitcoin's scalability and transaction speed.
- The funding could contribute significantly to the broader crypto market.
In conclusion, this move indicates a strong belief in the evolving landscape of digital finance, with Bitlayer positioning itself as a key player.
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.