Merlin Chain Secures Funding to Enhance Bitcoin-Oriented Innovations

Merlin Chain, a native Bitcoin Layer 2 Developed by Bitmap Tech, the funding round achieved notable success (exact amount undisclosed) with contributions from respected investors.

The announcement revealed that this funding round attracted backing from 24 investors, including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital, which highlights the growing interest in solutions aimed at enhancing Bitcoin’s capabilities.

At the heart of Merlin Chain’s offerings is its unique scaling solution, which seamlessly combines a native network, a decentralized oracle system, and integrated on-chain BTC fraud-proof modules. This innovative design seeks to empower Bitcoin’s native assets, protocols, and products on Layer 1, aiming to reignite excitement around this leading cryptocurrency. ZK-Rollup The announcement stated that this funding will allow the Merlin Chain team to keep enriching the ecosystem and enhance overall liquidity. To date, the platform has developed a solid DApp ecosystem and has plans for further expansion.

In addition, the team is preparing to launch its mainnet, which is anticipated to go live this week.

Merlin Chain Secures Funding to Propel 'Bitcoin-Centric' Innovations

Merlin Chain intends to organize a series of staking events while distributing its governance token via a 'fair launch' mechanism. This strategy is designed to reward authentic users and creators within the community, fostering a culture of inclusivity and fairness in the project's governance structure. CryptoPunks .

In anticipation of the mainnet launch The approach of Merlin Chain to Bitcoin layer-2 solutions goes beyond mere enhancements in transaction speed and fees. The team is motivated by a robust vision to unleash Bitcoin’s full potential by tapping into its native assets, users, and protocols to innovate new applications.

Merlin’s Bitcoin-Centric Approach

By focusing deeply on integrating with the fundamental elements of Bitcoin, Merlin Chain is poised to redefine what is achievable with layer-2 solutions. For instance, one of the project’s aspirations is to develop games on the Bitmap platform, granting Bitmap users easy access to various metaverses at cost-effective rates. Bitcoin Moreover, the initiative is looking to create decentralized finance (DeFi) protocols that empower both Non-Fungible Tokens (NFTs) and Fungible Tokens (FTs), establishing a mutually beneficial relationship between these two asset classes.

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Kumar is a seasoned Tech Journalist focusing on the rapidly evolving intersections of AI/ML, marketing technology, along with emerging realms such as cryptocurrency, blockchain, and NFTs. With over three years in the industry, Kumar has built a solid reputation for crafting engaging stories, conducting insightful interviews, and providing in-depth analysis. His prowess includes producing impactful content like articles, reports, and research papers for leading industry outlets. With a distinctive combination of technical expertise and narrative prowess, Kumar is adept at making complex tech concepts accessible and engaging for diverse audiences. NFTs Blum Commemorates One-Year Anniversary with Awards for 'Best GameFi App' and 'Best Trading App' at the Blockchain Forum 2025