TechFlow News – Nubit, a native data availability layer for Bitcoin, has raised $8 million in a seed funding round led by Polychain Capital. The round saw participation from Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, and Mask Network. This latest financing brings Nubit’s total funding to $12 million.
Nubit aims to build the most secure and scalable data availability (DA) layer for the multi-chain ecosystem, enabling infinite applications including AI, SocialFi, and GameFi.
The team plans to launch its Alpha testnet in June, the final phase before mainnet deployment later this year.
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