March 25, 2024
Nubit has successfully closed a $3 million pre-seed funding round, with participation from investors including dao5, OKX Ventures, Primitive Ventures, and others. This funding is a significant step in Nubit’s mission to build the first Bitcoin-native data availability layer, advancing the development of the Bitcoin ecosystem.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
|---|---|---|---|---|---|
Nubit | Mar 25 2024 | $3M | Pre-Seed | $3M | Bitcoin |
Nubit aims to enhance data throughput and availability services to meet the growing demands of the Bitcoin ecosystem. The company’s vision is to integrate a vast community of developers into the Bitcoin ecosystem, providing them with scalable, secure, and decentralized tools. By promoting innovation and data freedom, Nubit seeks to become a cornerstone in building Bitcoin’s future.
The need for a scalable, Bitcoin-native data availability layer is driven by the evolving complexity and demands of Bitcoin applications, ranging from decentralized finance (DeFi) to Layer 2 solutions. Nubit’s approach, led by a team of academic experts, aims to address this requirement. By leveraging Bitcoin’s inherent security and decentralization, Nubit offers a new paradigm in blockchain infrastructure.
About Nubit:
Nubit is the first Bitcoin-native data availability layer, secured by Bitcoin, for the Bitcoin community. Nubit enables the scaling of Bitcoin’s data capacities without compromises, empowering applications like Ordinals, Layer 2 solutions, price oracles, and indexers, thus broadening the scope and efficiency of the Bitcoin ecosystem. It leverages a high-performance consensus algorithm and the Lightning Network to maintain the censorship-resistant nature of Bitcoin.
Website: https://www.nubit.org/
X Account: https://x.com/Nubit_org
X Followers today: 139.3k
About Investor
Investor: dao5
dao5 is a venture capital firm focused on early-stage blockchain and cryptocurrency projects. The firm supports the development of innovative technologies to advance the
Location: United States
Website: https://dao5.com
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
コメント