The Bitcoin ZK Rollup protocol Citrea has completed a $2.7 million seed round financing, led by Galaxy Ventures

ChainCatcher news, according to CoinDesk, the Bitcoin ZK Rollup protocol Citrea has completed a $2.7 million seed round financing, led by Galaxy Ventures, with participation from Delphi Ventures, Taproot Wizards co-founder Eric Wall, and Avail co-founder Anurag Arjun, among others. Citrea plans to use zero-knowledge cryptography to help develop the DeFi and NFT ecosystem within Bitcoin.

Citrea's ZK Rollup will be based on the Ethereum Virtual Machine (EVM), which means developers will be able to migrate their applications built for Ethereum and other compatible networks. Citrea has not yet launched, but the team plans to release a test network in the next quarter.