UK-based Blockchain startup Bitfinity coins $7M funding to incorporate Ethereum and Bitcoin — TFN

UK-based blockchain startup Bitfinity has secured $7 million in funding, bringing its total investment to $7 million. The round was led by Polychain Capital and ParaFi Capital, with participation from Warburg Serres, Dokia Capital, and Draft Ventures. The funding will be used to integrate Ethereum Virtual Machine (EVM) capabilities with Bitcoin, enabling faster and cheaper Bitcoin-enabled DeFi services. Bitfinity is a Bitcoin scaling solution built on the Internet Computer protocol, offering compatibility with the EVM, allowing Ethereum developers to create Bitcoin-enabled decentralized applications (dApps). The platform is currently in its testnet phase, aiming to revolutionize the DeFi space by enabling high-speed transactions at a fraction of the cost associated with Ethereum.

Bitfinity Raises $7 Million to Integrate Ethereum and Bitcoin

Bitfinity is a UK-based blockchain startup building a Bitcoin Layer 2 network, offering compatibility with the Ethereum Virtual Machine (EVM) to enable Ethereum developers to create Bitcoin-enabled decentralized applications (dApps). It is touted to have transaction speeds 100 times faster than Ethereum.

A Bitcoin Layer 2 network offering compatibility with the Ethereum Virtual Machine for faster and cheaper Bitcoin-enabled DeFi services.

2 years ago

Bitfinity Raises $7 Million to Integrate Ethereum and Bitcoin

Covered on