B² Network Secures Seed-Round Funding
B² Network is thrilled to announce the successful seed-round fundraising from prominent investors including HashKey Capital, OKX Ventures, IDG, KuCoin Ventures, ABCDE, Waterdrip Capital, Satoshi Lab, OGs Fund, Antalpha and Leland Ventures. This remarkable achievement marks a pivotal moment in our journey towards revolutionizing the landscape of BTC Layer 2.
B² Network is a Bitcoin Layer 2 network implemented through ZK Rollup and an on-chain logical gate commitment verification mechanism. It aims to address the scalability challenges of Bitcoin while preserving its core principles of decentralization, trustless operations, and transparent ledger. The network is EVM-compatible, developer-friendly, and supports users with both Bitcoin and Ethereum format account addresses, aiming to expand the utility and influence of Bitcoin and its emerging derivative assets in web3. It also stands as the first DA layer for Bitcoin rollups.
The support and confidence shown by these esteemed investors validate our vision and the disruptive potential of B² Network’s innovative BTC Layer-2 solutions. This infusion of capital will enable us to accelerate our development initiatives, broaden our technological capabilities, and expand our reach in the market.
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“We are honored to participate in the investment in B² Network. The Bitcoin ecosystem has exploded this year. However, the diversity of applications in the Bitcoin ecosystem has always been limited by its Turing incompleteness, transaction costs, and network congestion, whereas the B² Network is EVM-compatible, solving the problem of Bitcoin scalability while bringing diversity to the Bitcoin ecosystem; it allows Interoperability between Ethereum and Bitcoin on-chain application development to meet the challenges and needs of the Bitcoin network to achieve ecological prosperity in the future.” said Dora, Founder of OKX Ventures.
The B² Network team extends heartfelt gratitude to our investors, partners, advisors, and supporters who have been instrumental in this fundraising success. Their belief in our mission strengthens our resolve to push boundaries and redefine possibilities.
About B² Network
B² Network is the first Bitcoin Rollup based on zero-knowledge proof verification. This Layer-2 solution enhances transaction speeds and broadens application diversity, all without compromising security. B² provides a DA Layer that’s integrated with the state transition verification and proof system, and in turn reduces costs & time associated with on-chain proof.
