BEVM Bitcoin Layer2 Closes Seed Round with RockTree Capital, Sathoshi Lab & 20 Others

The
Bitcoin
Layer2
project
BEVM
has
announced
the
completion
of
its
seed
round,
and
also
a
part
of
its
Series
A
round,
raising
tens
of
million
USD.

The
20+
investors
include
RockTree
Capital,
Waterdrip
Capital,
Arkstream
Capital,
ViaBTC
Capital,
Satoshi
Lab,
Web3port,
Cogitent
Ventures,
MH
Ventures,
Mapleblock,
Electrum
Capital,
Zephyrus
Capital,
Lotus
Capital,
7UPDAO,
TimeTells
plus
others.
BEVM’s
Series
A
valuation
reached
$200
million
and
accelerates
the
project’s
international
development
and
roll-out. 

BEVM is
the
first
EVM-compatible
Bitcoin
Layer2
network
built
on
Taproot
Consensus
and
uses
$BTC
as
gas,
aiming
to
bring
10%
of
$BTC
into
its
Layer2
network
environment.
BEVM’s
testnet
Canary
network
went
live
in
July
2023,
which
to
date
has
nearly
100,000
on-chain
users,
processed
over
6
million
transactions
and
currently
has
more
than
30
ecosystem
projects.
BEVM’s
mainnet
is
scheduled
to
launch
on
March
28th.

Gavin
Guo,
Core
Builder
of
BEVM
said
“Taproot
Consensus
is
the
final
result
of
our
team’s
six
years
of
exploring
Bitcoin
Layer2
solutions.
BEVM
architecture
is
the
most
native
and
decentralized
implementation
of
Bitcoin
primitive
&
ethos
into
a
Layer2,
with
the
complete
BEVM
product
shipped
to
the
community
based
on
MuSig2
+
Bitcoin
SPVs.
BEVM
is
currently
the
most
decentralized
and
secure
BTC
layer2
solution.” 

BEVM
has
already
implemented
decentralized
Bitcoin
cross-chain
custody
services
through
Schnorr
Signature,
MAST
and
Bitcoin
SPVs.
In
the
future,
BEVM
will
also
launch
“BEVM-Stack”
to
help
developers
launch
‘BTC
layer2’
with
one
click;
and
will
launch
the DBFX protocol
to
allow
$BTC
to
circulate
on
any
chain
in
a
decentralized
manner.

Omer
Ozden,
Chairman
of
RockTree
Capital
said
“We
anticipate
significant
scaling
in
the
Bitcoin
ecosystem
space
over
the
coming
years,
as
crypto
purists
seek
the
most
decentralized
chain,
and
also
into
the
longer
term
future,
as
TradFi
investors
with
tens
of
billions
of
dollars
of
digital
assets
seek
the
highest
safety
of
Bitcoin
chain
from
a
Securities
Law
perspective
and
the
Lindy
Effect.
BEVM
is
one
of
the
foremost
innovation
advancements
in
this
space
and
is
years
more
advanced
in
development
and
users
than
other
L2s
we
have
seen.
It
won
major
technical
competitions
and
has
significant
traction
in
the
Asian
market
already,
the
geography
where
we
see
the
most
Bitcoin
ecosystem
innovation
and
usage.” 

The
BTC
EVM
is
the
primary
vision
of
BEVM,
building
a
decentralized
BTC
Layer2
compatible
with
EVM
allows
seamless
deployment
of
various
EVM
ecosystem
applications
on
BEVM,
increasing
Bitcoin
usage
and
commercial
scenarios.

To
find
out
more
about
BEVM
visit www.bevm.io or
contact [email protected]