Bmaker's L2 protocol has attracted $1.2 million in investments

Bmaker's L2 protocol has attracted $1.2 million in investments

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by Max Nevskyi

3 years ago

The Bmaker team, working on creating an L2 protocol for smart contracts based on Bitcoin, has successfully raised $1.2 million in investments. This round of investment was contributed by funds such as C3u Capital, Tangle Capital, and Waterdrop Capital.

With the funds received, the developers have launched their platform and introduced a collection of non-fungible tokens (NFTs) on the Element marketplace. These investments will be directed towards further development of the Bmaker infrastructure.

The project's main goal is to increase liquidity in the Bitcoin ecosystem. They position themselves as a smart contract platform operating on the basis of Bitcoin and capable of issuing stablecoins backed by cryptocurrencies.

Additionally, the project has its own asset, ABSC, which will be the first governance token in the Bmaker ecosystem. Owners of this token will be able to participate in voting, receive rewards, and earn profits using the principle of over-collateralization.

The Bmaker team is creating a solution for stable coins on the Bitcoin network. Our ABSC tokens offer additional capabilities. Users will be able to receive rewards in stablecoins and appreciate all the benefits of cross-chain solutions.said the developers.

In early February, the team plans to conduct the first Initial DEX Offering (IDO) on decentralized exchanges to expand the number of early asset holders.

It's worth noting that in January, the Kiln platform for staking cryptocurrencies attracted $17 million in investments. We also previously reported on Canaan, a Bitcoin mining company that received $50 million in investments from an anonymous fund.

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