Midl has successfully raised $2.4 million in a seed funding round led by Draper Associates with participation from Draper Dragon. The investment will accelerate development of native Bitcoin smart contracts directly on Bitcoin’s mainnet.
This initiative aims to enhance Bitcoin’s core functionality, particularly for decentralized finance (DeFi) applications. The technology could significantly expand Bitcoin’s utility beyond value storage into more complex blockchain use cases.
Following comprehensive testnet trials, Midl anticipates an imminent mainnet launch. This deployment promises to position Bitcoin more prominently within the broader decentralized ecosystem by introducing native programmable capabilities.