UTXO Stack has raised $50 million in Series A funding, opening new opportunities for the company.
UTXO Stack Investment and Development Plans
UTXO Stack secured $50 million in Series A funding, highlighting the trust of major investors like UTXO Management, CMS, and PAKA in the project's long-term potential. The funds will be directed towards the development of the Lightning Network and increasing Bitcoin liquidity.
Launch of CKB Lightning Network Fiber Network
After successfully completing its funding round, UTXO Stack is preparing to launch the CKB Lightning Network Fiber Network. This step is intended to improve the scalability and efficiency of the Lightning Network.
Prospects for 2025
UTXO Stack plans to complete its Token Generation Event (TGE) in the first quarter of 2025, which will be a significant milestone in expanding opportunities for investors and users to interact with BTC on the Lightning Network platform.
Series A funding has strengthened UTXO Stack's market position. Plans to enhance the Lightning Network and launch the TGE promise significant changes in the crypto industry.
