Chainwire, New York, USA, February 5, 2024
Merlin Chain, the native Bitcoin Layer 2, introduced a funding spherical from 24 traders together with OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital.
Merlin Chain offers a local scaling resolution that integrates the ZK-Rollup community, a decentralized oracle community, and an on-chain BTC anti-fraud module. We’re dedicated to enhancing Bitcoin's native belongings, protocols, and merchandise at Layer 1 and making Bitcoin enjoyable once more.
Merlin Chain is constructed by Bitmap Tech, a top-notch OG workforce with a collective market capitalization of over $500 million. The BRC-420 “Blue Field” assortment underneath Bitmap Tech has turn into certainly one of Ordinals’ hottest belongings, rising from a registration value of $0.15 to an ATH ground worth of $34,000, third behind BAYC and CryptoPunks reached a big market capitalization.
Bitmap Tech, the workforce behind Merlin Chain, has been a robust believer in Bitcoin for a few years and could be very obsessed with growing the Bitcoin ecosystem, relatively than servicing different ecosystems. By means of its work, it goals to convey extra customers and belongings to Bitcoin. Bitcoin title.
This elevate will permit the workforce to proceed to strengthen its ecosystem and enhance total liquidity. To this point, Merlin Chain has constructed a robust DApp ecosystem and plans additional growth.
Merlin Chain plans to launch its mainnet this week. After launch, Marlin Chain plans to host quite a few staking occasions and distribute governance tokens by way of a “honest launch” with the intention of rewarding actual customers and builders.
About Marlin Chain
Merlin Chain is a Bitcoin Layer2 that integrates the ZK-Rollup community, a decentralized oracle community, and an on-chain BTC fraud prevention module. Merlin Chain is dedicated to powering Bitcoin's native belongings, protocols, and merchandise on Layer 1 by way of the Layer 2 community to make Bitcoin enjoyable once more. Merlin Chainis is a subsidiary product line of his OG workforce, Bitmap Tech, whose collective market capitalization exceeds $500 million. The BRC-420 “Blue Field” assortment underneath Bitmap Tech has turn into certainly one of Ordinals’ hottest belongings.
Customers can begin following Merlin Chain twitter For additional updates.
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