TechFlow news: Thesis, the developer of the Bitcoin L2 network Mezo, has completed a $21 million Series A funding round led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates, and others.
Thesis stated that Mezo differs from other L2 networks in that it enables users to access applications that promote the use of Bitcoin-based tokens, advancing a circular Bitcoin economy rather than treating Bitcoin merely as a "savings technology."
Mezo leverages idle Bitcoin holdings through its "Proof-of-HODL" points program, where the longer users hold their Bitcoin, the higher their "HODL score multiplier" becomes.
Mezo will launch alongside the tBTC ecosystem developed by Thesis, which enables "minimal-trust" bridging to various ecosystems.
