TechFlow reports that LK Venture, a subsidiary of Hong Kong-listed Bluehole Interactive, has announced on X its investment in Bitcoin Layer 2 scaling solution Merlin Chain through BTC NEXT, a Bitcoin network ecosystem investment management fund. The specific amount of the investment was not disclosed.
Merlin Chain is a Bitcoin Layer 2 integrating a ZK-Rollup network, decentralized oracle network, and on-chain BTC anti-fraud module. It aims to empower native assets, protocols, and products on Bitcoin Layer 1 through its Layer 2 network, making Bitcoin fun again. Bitmap Tech, the parent company of Merlin Chain, has a total market capitalization exceeding $500 million. Its BRC-420 "Blue Box" series has become one of the most popular assets on Ordinals.
