UTXO Stack Completes Seed Funding Round for BTC Layer2 Blockchain Launch Platform

The modular BTC Layer2 blockchain launch platform , UTXO Stack, has successfully completed its seed funding round. This round was co-led by ABCDE and SNZ Capital, strategically invested by CKB Eco Fund, with additional participation from OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab and UTXO Management (the investment arm of BTC Inc., publisher of Bitcoin Magazine).

The Bitcoin ecosystem has undergone significant evolution with the issuance of assets such as Ordinals, BRC20, Atomicals, and Runes, marking a transition from its initial role as a straightforward transactional currency to a multifaceted platform supporting diverse digital assets. Despite these advancements, developers face substantial hurdles in leveraging Bitcoin’s full potential. They are currently unable to create smart contracts directly on the Bitcoin blockchain and often contend with its inherently lower performanc

Source: News Formal (newsformal.com)

UTXO Stack Seed Funding BTC Layer2 Blockchain Launch Platform Bitcoin Ecosystem Digital Assets Smart Contracts

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