TechFlow reports that Bitcoin Layer 2 project Bitlayer has launched a $50 million ecosystem incentive program called Ready Player, with its first phase, Ready Player One, now underway. The initiative targets projects deployed on the Bitlayer mainnet, offering token rewards based on ecosystem contributions, with the total value of rewards for the first phase exceeding $50 million.
Registrations will open today and continue through April 29. Bitlayer is a Layer 2 solution built with Bitcoin-equivalent security, providing Turing-complete functionality secured by Bitcoin.
Previous report: Bitlayer raised a $5 million seed round led by Framework Ventures and ABCDE Capital.
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