Midl Secures $2.4M Seed Round to Build Native Bitcoin Smart Contract Execution Environment
Main Idea
Midl secured $2.4 million in seed funding led by Draper Associates to develop native Bitcoin smart contracts, aiming to enhance Bitcoin's capabilities and expand its role in decentralized finance (DeFi).
Key Points
1. Midl raised $2.4 million in a seed funding round led by Draper Associates, with support from Draper Dragon.
2. The funding will be used to develop native Bitcoin smart contracts, which operate directly on Bitcoin’s mainnet.
3. Midl’s platform aims to improve Bitcoin’s functionality, particularly for decentralized finance (DeFi) applications.
4. The mainnet launch is imminent following successful testnet development.
5. Native smart contracts on Bitcoin could expand its role in the broader blockchain ecosystem.
Description
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