Singapore's Bitlayer Labs secures $11m Series A funding

Singapore's Bitlayer Labs secures $11m Series A funding

FILE PHOTO: Representation of Bitcoin cryptocurrency is seen in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Singapore-based Bitlayer Labs, the first Bitcoin Layer 2 based on the BitVM paradigm, has announced raising $11 million in its Series A funding round, bringing its total funding to date to $16 million.

Edited by: Joymitra Rai