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Merlin Chain Secures Funding to Empower “Bitcoin-native” Improvements


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New York, United States, February fifth, 2024, Chainwire

Merlin Chain, the native Bitcoin Layer2, announced a spherical of funding from 24 buyers together with OKX Ventures, ABCDE, Foresight Ventures and Arkstream Capital.

Merlin Chain gives a local scaling answer that integrates ZK-Rollup community, decentralized oracle community, and on-chain BTC fraud-proof modules. It’s dedicated to empowering Bitcoin’s native property, protocols, and merchandise on Layer1, to Make Bitcoin Enjoyable Once more.

Merlin Chain is constructed by Bitmap Tech, a premier OG crew boasting an general market cap exceeding $500 million. The BRC-420 “Blue Box” assortment below Bitmap Tech has develop into one of many hottest Ordinals property, going from an inscription value of $0.15 to an ATH flooring value of $34,000, reaching the third largest market cap following BAYC and CryptoPunks.

As a robust believer in Bitcoin for a few years, Bitmap Tech, the crew behind Merlin Chain, is extraordinarily dedicated to the event of the Bitcoin ecosystem, and seeks to deliver extra customers and property to Bitcoin via their work, quite than serving different ecosystems within the identify of Bitcoin.

This elevate allows the crew to proceed enriching the ecosystem, and boosting the general liquidity. Up to now, Merlin Chain has constructed a robust DApp ecosystem, and is planning for additional enlargement.

Merlin Chain is about to launch its mainnet this week. Following the launch, Merlin Chain plans to host a bunch of staking occasions and distribute its governance token via a “truthful launch”, aiming to reward actual customers and builders. 

About Merlin Chain

Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup community, decentralized oracle community, and on-chain BTC fraud proof modules. Merlin Chain is dedicated to empowering Bitcoin’s native property, protocols, and merchandise on Layer1 via its Layer2 community, to Make Bitcoin Enjoyable Once more. Merlin Chainis is a subsidiary product line of Bitmap Tech, a premier OG crew boasting an general market cap exceeding $500 million. The BRC-420 “Blue Field” assortment below Bitmap Tech has develop into one of many hottest property on Ordinals.

Customers can begin following Merlin Chain’s Twitter for extra updates.

Contact

Jeff
Merlin Chain
[email protected]



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