Bitcoin L2 network Mezo developer Thesis completes $21 million Series A funding

ChainCatcher news, Bitcoin L2 network Mezo developer Thesis has completed a $21 million Series A funding round, led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates, and others.

Thesis stated that Mezo differs from other L2 networks in that it enables users to access applications that facilitate the use of Bitcoin tokens, promoting a circular Bitcoin economy, rather than just being a "savings technology."

Mezo utilizes the idle Bitcoin of holders through the "HODL Proof" points program, where the longer the holding period, the more the contributor's "HODL score multiplier."

Mezo will launch alongside the tBTC ecosystem developed by Thesis, which allows for "minimal trust" bridging to various ecosystems.