BTC Layer2 project BEVM announces investment from Bitmain

2024-04-26 10:28:29

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ChainCatcher news, the BTC Layer2 project BEVM announced that it has received investment from Bitmain, the world's largest Bitcoin mining machine manufacturer. According to previous reports, BEVM announced the completion of a $10 million financing round, with nearly 20 participating institutions including RockTree Capital, Waterdrip Capital, Arkstream Capital, and ViaBTC Capital, resulting in a post-investment valuation of $200 million.

Additionally, the Web3 asset data platform RootData shows that BEVM is the first Bitcoin Layer 2 network built on Taproot Consensus that uses BTC as Gas and is EVM compatible, aiming to bring 10% of BTC into the Layer 2 network. It is reported that BEVM launched its mainnet on March 28, with over 700,000 on-chain user addresses and more than 30 ecological projects.

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BEVM Bitmain

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BEVM Bitmain

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BEVM

EVM-compatible Bitcoin L2 network

Bitmain

Cryptocurrency mining service provider