Thesis Launches Bitcoin Layer-2 'Mezo' with $21M in Funding Led by Pantera

Thesis, a technology firm, has recently unveiled Mezo, a new layer-2 network built on Bitcoin, after successfully raising $21 million in a Series A funding round. The investment round was led by Pantera Capital, with contributions from Multicoin. Mezo is designed to enhance the utility of Bitcoin by introducing a loyalty program named 'Proof of HODL', encouraging users to store their idle bitcoins in the network. The longer the bitcoins are stored, the more benefits users can reap, aiming to incentivize long-term holding. This development marks a significant step forward in the Bitcoin ecosystem, attracting attention from investors and users alike.