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Singapore based bitcoin Layer 2 raised $11m in Series A funding led by Franklin Templeton and ABCDE.
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"Bitlayer offers a Bitcoin Layer 2 solution based on the BitVM paradigm. Its core objective is to address the trade-off between security and Turing completeness in BTC Layer 2 through cryptographic innovations and blockchain protocol engineering."
https://www.finsmes.com/2024/07/bitlayer-labs-raises-11m-in-series-a-funding.html
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