Elastos has received $20 million from Rollman Management to accelerate the development of its DeFi protocol and Web3 data market.
Investment in Elastos and Its Impact
Elastos, a pioneer in decentralized web infrastructure, announced receiving $20 million in strategic investment from Rollman Management. This investment will help scale Elastos' Bitcoin-aligned ecosystem. Rollman Management now ranks Elastos among its top five holdings.
Elastos' New Developments
The investment will be used to launch the native Bitcoin DeFi protocol BeL2, expand the ELA token, and develop Elacity, a Web3 data marketplace. BeL2, set to launch in 2024, will enable Bitcoin holders to access Ethereum smart contract services, including minting stablecoins.
Future of Elastos and Its Ecosystem
The $20 million investment will help Elastos enhance its technological platform and marketing strategy. Elastos also stands out with its Cyber Republic Consensus model, a DAO committed to decentralized and transparent governance.
The investment will empower Elastos to strengthen its technological position, drive innovation, and claim its role as a leader in Bitcoin-native DeFi space.
