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Bitlayer Labs raises $11m in Series A funding

Singapore based bitcoin Layer 2 raised $11m in Series A funding led by Franklin Templeton and ABCDE. 

"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."

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bitcoin, defi