B² Network is elated to announce that it has successfully raised funds in its seed-round fundraising. Prominent investors, including HashKey Capital, OKX Ventures, IDG, KuCoin Ventures, ABCDE, Waterdrip Capital, Satoshi Lab, OGs Fund, and Antalpha, have shown their support by backing the project. This remarkable achievement marks a significant milestone in thier journey to revolutionize the landscape of BTC Layer 2 solutions.
B² Network is a Bitcoin Layer 2 network that leverages ZK Rollup and an on-chain logical gate commitment verification mechanism. Their primary objective is to address the scalability challenges faced by Bitcoin while staying true to its core principles of decentralization, trustless operations, and a transparent ledger. The network is EVM-compatible and developer-friendly, catering to users with Bitcoin and Ethereum format account addresses. Their aim is to expand the utility and influence of Bitcoin and its emerging derivative assets in the web3 ecosystem. Furthermore, they are proud to be the first DA layer for Bitcoin rollups.
The support and confidence demonstrated by these esteemed investors serve as validation for the vision and the disruptive potential of B² Network's innovative BTC Layer 2 solutions. This infusion of capital will enable them to expedite their development initiatives, enhance the technological capabilities, and extend their market presence as well.
Dora, the Founder of OKX Ventures, expressed her honor in participating in the investment in B² Network. She highlighted the limitations of the Bitcoin ecosystem, including Turing incompleteness, transaction costs, and network congestion. In contrast, she acknowledged that the EVM-compatibility of the B² Network overcomes these challenges by bringing diversity to the Bitcoin ecosystem. This interoperability between Ethereum and Bitcoin on-chain application development is critical in meeting the challenges and needs of the Bitcoin network to achieve ecological prosperity in the future.
The B² Network team expresses their heartfelt gratitude to the investors, partners, advisors, and supporters. The belief in their mission strengthens the determination to push boundaries and redefine possibilities. They are, no doubt, excited to continue the journey towards transforming the BTC Layer 2 landscape and making a lasting impact in the world of decentralized finance.💡
About B² Network
B² Network is the first Bitcoin Rollup based on zero-knowledge proof verification. This Layer-2 solution enhances transaction speeds and broadens application diversity, all without compromising security. B² provides a DA Layer that’s integrated with the state transition verification and proof system, and in turn reduces costs & time associated with on-chain proof.
