New York, United States, February 5, 2024, Chainwire
Merlin Chain, the original Bitcoin Layer2, announced a financing round from 24 investors, including OKX Ventures, ABCDE, Foresight companies and Arkstream Capital.
Merlin Chain offers a native scaling solution that integrates the ZK-Rollup network, decentralized oracle network, and on-chain BTC tamper-resistant modules. It is committed to strengthening Bitcoin’s proprietary assets, protocols, and products at Layer1, to make Bitcoin fun again.
Merlin Chain was built by Bitmap Tech, a leading OG team with a total market cap of over $500 million. The BRC-420 “Blue box‘ collection under Bitmap Tech has become one of the most popular Ordinals assets, going from a registration fee of $0.15 to an ATH floor price of $34,000, reaching the third largest market cap after BAYC and CryptoPunks.
Bitmap Tech, the team behind Merlin Chain, has been a strong believer in Bitcoin for years and is deeply committed to developing the Bitcoin ecosystem. It tries to bring more users and assets to Bitcoin through their work, rather than serving other ecosystems. the name Bitcoin.
This increase allows the team to continue enriching the ecosystem and increasing overall liquidity. To date, Merlin Chain has built a powerful DApp ecosystem and plans further expansion.
Merlin Chain will launch its mainnet this week. Post-launch, Merlin Chain plans to host a number of staking events and distribute its governance token through a “fair launch,” with the aim of rewarding real users and builders.
About Merlin Chain
Merlin Chain is a Bitcoin Layer2 that integrates the ZK-Rollup network, the decentralized oracle network and on-chain BTC tamper-proof modules. Merlin Chain is committed to strengthening Bitcoin’s proprietary assets, protocols, and products at Layer1 through its Layer2 network, to make Bitcoin fun again. Merlin Chainis is a subsidiary product line of Bitmap Tech, a leading OG team with a total market cap of over $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the most popular items on Ordinals.
Users can start following Merlin Chain’s Tweet for more updates.
Contact
Jeff
Merlin necklace
bitmap@bitmap.tech