[PRESS RELEASE – New York, United States, February 5th, 2024]
Merlin Chain, the native Bitcoin Layer2, introduced a spherical of funding from 24 traders together with OKX Ventures, ABCDE, Foresight Ventures and Arkstream Capital.
Merlin Chain provides a local scaling resolution that integrates ZK-Rollup community, decentralized oracle community, and on-chain BTC fraud-proof modules. It’s dedicated to empowering Bitcoin’s native belongings, protocols, and merchandise on Layer1, to Make Bitcoin Enjoyable Once more.
Merlin Chain is constructed by Bitmap Tech, a premier OG workforce boasting an total market cap exceeding $500 million. The BRC-420 “Blue Field” assortment underneath Bitmap Tech has develop into one of many hottest Ordinals belongings, going from an inscription price of $0.15 to an ATH ground worth of $34,000, reaching the third largest market cap following BAYC and CryptoPunks.
As a powerful believer in Bitcoin for a few years, Bitmap Tech, the workforce behind Merlin Chain, is extraordinarily dedicated to the event of the Bitcoin ecosystem, and seeks to deliver extra customers and belongings to Bitcoin by way of their work, slightly than serving different ecosystems within the title of Bitcoin.
This increase permits the workforce to proceed enriching the ecosystem, and boosting the general liquidity. To this point, Merlin Chain has constructed a robust DApp ecosystem, and is planning for additional enlargement.
Merlin Chain is about to launch its mainnet this week. Following the launch, Merlin Chain plans to host a bunch of staking occasions and distribute its governance token by way of a “honest launch”, aiming to reward actual customers and builders.
About Merlin Chain
Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup community, decentralized oracle community, and on-chain BTC fraud proof modules. Merlin Chain is dedicated to empowering Bitcoin’s native belongings, protocols, and merchandise on Layer1 by way of its Layer2 community, to Make Bitcoin Enjoyable Once more. Merlin Chainis is a subsidiary product line of Bitmap Tech, a premier OG workforce boasting an total market cap exceeding $500 million. The BRC-420 “Blue Field” assortment underneath Bitmap Tech has develop into one of many hottest belongings on Ordinals.
Customers can begin following Merlin Chain’s Twitter for extra updates.
Contact
Jeff
Merlin Chain
bitmap@bitmap.tech
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