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We’re excited to announce our pre-seed investment in @satlayer! Looking forward to contributing to a broader and more vibrant Bitcoin ecosystem. #Bitcoin #Blockchain https://t.co/f6t7DMMR1W
We’re excited to announce that we have co-led @satlayer’s pre-seed round. SatLayer builds upon @babylonlabs_io to allow Bitcoin to be used to secure Bitcoin Validated Services (BVS). This expands the design space of BTC secured services to allow other forms of infrastructure,… https://t.co/kSVZbNJTcY
Pumped to be supporting Satlayer. We expect BTC infrastructure to mature and reach the level of the EVM and are seeing this in real time. Building on top of @babylonlabs_io (another CIV portco), @satlayer's BTC-powered security will enable this reality https://t.co/M47I9uRkZe
Bitcoin restaking platform SatLayer has successfully raised $8 million in a pre-seed funding round, with contributions from prominent investors including Hack VC, Castle Island Ventures, and OKX Ventures. The funding aims to enhance Bitcoin's infrastructure and security capabilities. SatLayer's technology is designed to allow Bitcoin to secure Bitcoin Validated Services (BVS), broadening the potential for BTC-secured services. The platform has announced that deposits will commence on August 22, 2024, at 14:00 UTC. Industry experts express optimism about the maturation of Bitcoin infrastructure, anticipating its evolution to match that of Ethereum Virtual Machine (EVM) standards.