The project Hemi, which is creating a programming layer for Bitcoin, has raised $15 million in a new funding round ahead of its upcoming token launch.
Funding for Bitcoin Programmability
Hemi raised $15 million in its new round of funding, bringing its total funding to $30 million. The round was led by YZi Labs, Republic Digital, and HyperChain Capital, with other investors including Big Brain Holdings and Crypto.com.
Hemi’s Aims: Scalability and Security
The project promises to provide EVM-level programmability while maintaining a connection to Bitcoin, which enhances security. Hemi aims to combine Bitcoin’s strong security with Ethereum’s flexible smart contracts to create new opportunities in decentralized finance.
Advancements in Bitcoin Layer-2 Technology
Hemi is developing a special virtual machine (HVM) for building applications on Bitcoin. The project also claims over 100,000 verified users and partnerships with more than 70 projects, including MetaMask and Sushi.
Hemi is positioned as an important player in the evolution of Bitcoin Layer-2 technologies, offering new opportunities for various applications within the Bitcoin ecosystem.
