September 12, 2024
Stacks, a prominent Bitcoin Layer-2 platform for decentralized applications and smart contracts, has announced the launch of the Stacks Asia Foundation. This foundation aims to accelerate the growth of the Stacks ecosystem throughout Asia and has raised $15 million from private Stacks holders to support its initiatives.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Stacks | $15M | September 12, 2024 | Private Round | Bitcoin |
The foundation plans to expand in key markets such as Korea, Hong Kong, Singapore, Japan, Southeast Asia, and the UAE. It aims to strengthen connections with essential regional players, including infrastructure providers, developers, and investors. Stacks emphasizes that Asia has always been a crucial market, and this new foundation underscores their renewed dedication to building stronger relationships and promoting wider adoption.
About Stacks
Stacks is a platform that enhances Bitcoin by enabling it to support smart contracts and decentralized applications. This means developers can create more complex and versatile applications using Bitcoin’s secure foundation. By leveraging Bitcoin’s strong security features, Stacks aims to unlock new potential uses for Bitcoin, potentially tapping into over $1 trillion in value. The platform provides various tools, tutorials, and a supportive community to help developers build on it, making Bitcoin more than just a digital currency. You can explore more on their website.
Website: https://www.stacks.co/
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