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TechFlow reports that Bitcoin L2 developer Alpen Labs has raised $10.6 million in seed funding, led by Ribbit Capital, with participation from Castle Island Ventures, Robot Ventures, and Axiom Capital.
Alpen Labs is working to scale the blockchain of the world's largest cryptocurrency using zero-knowledge proofs. Last year, the team spent significant time developing Bitcoin rollup infrastructure to bring smart contract capabilities to the network.
Alpen Labs, a Bitcoin Layer 2 developer, has raised $10.6 million in seed funding led by Ribbit Capital, with participation from Castle Island Ventures, Robot Ventures, and Axiom Capital. Alpen Labs is working to scale the world's largest cryptocurrency blockchain using zero-knowledge proofs. The team spent much of last year building rollup infrastructure for Bitcoin to bring smart contract capabilities to the network.
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