TechFlow reported that MerlinStarter, a launchpad platform for Bitcoin Layer 2 projects, announced the completion of its seed round funding, with participation from 20 institutions including Amber Group, Arkstream Capital, Cogitent Ventures, Mapleblock, CGV, and Sidedoor Ventures.
The funds will be used to support ecosystem collaborations between MerlinStarter and strategic partners, aiming to optimize liquidity on BTC Layer 2, incubate new projects, and iterate the Starter product suite, thereby enhancing asset and user interoperability across Bitcoin Layer 2 networks.
MerlinStarter is the first native launchpad and infrastructure built on MerlinChain. Its first two IDO offerings raised over $900 million in total, setting the first and second highest records in IDO history. The platform has already seen over one million Merlin Chain addresses interact with it.
