Midl Secures $2.4M Seed Investment from Draper Associates and Draper Dragon to Pioneer Native dApp Infrastructure on Bitcoin

2025-07-30 13:01:47

Main Idea

Midl, a platform enabling native decentralized applications on Bitcoin, has secured funding led by Draper Associates and Draper Dragon, marking progress in Bitcoin-native decentralized finance (BTCFi).

Key Points

1. Midl allows developers to build and run dApps natively on Bitcoin, leveraging the network's $2 trillion liquidity.

2. The funding round was led by Draper Associates and supported by Draper Dragon, both known for investments in prominent tech and blockchain companies.

3. Midl introduces Bitcoin-native token standards, enabling applications across trading, DeFi, gaming, and governance without relying on sidechains or Layer 2 solutions.

4. The platform aims to make Bitcoin programmable in a novel way, supporting full-scale dApps directly on the Bitcoin blockchain.

5. Midl's development is backed by veterans of early-stage tech investing, emphasizing its potential in the Web3 and blockchain space.

Description

Dover, US, July 30th, 2025, Chainwire Midl , an infrastructure that brings smart contracts to the Bitcoin network, enabling native decentralized applications (dApps) and financial products, has announced the successful close of a $2.4 million seed round. The round was led by Draper Associates , the early-stage venture capital firm founded by Tim Draper and known for backing industry-defining companies like Coinbase, Robinhood, and Ledger. It was also supported by Draper Dragon , a cross-border v...

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