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BTC L2 solution Bitfinity Network completes $7 million financing
Techub News, according to Cointelegraph, BTC L2 solution Bitfinity Network announced the completion of a $7 million new round of financing, with investors including Polychain's Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres. The funds raised will be used to create Decentralized Finance functionality for BTC compatible with the Ethereum Virtual Machine (EVM) based on ICP's Chain Fusion technology.
The project raised $5 million in OTC Token sales earlier this year (mostly from community contributions), with a current total financing amount of $12 million.