TechFlow news, according to The Block, Bitcoin scaling protocol QED Protocol has raised $6 million in a seed round led exclusively by Blockchain Capital, valuing the company at a "nine-digit" figure—meaning at least $100 million. Previously, QED secured a $3.25 million pre-seed round from institutions including Arrington Capital, StarkWare, and Draper Dragon, as well as a $1.35 million angel round backed by Sparkle Ventures supported by Animoca Brands.
QED Protocol focuses on zero-knowledge proof validation technology, aiming to enable decentralized exchanges, DeFi, and other applications on Bitcoin through the Taproot upgrade. Founder Carter Feldman said QED can process over 150,000 transactions per second and plans to launch its testnet within the next three to four months, with the mainnet going live after community consensus is reached, alongside the release of a native token to incentivize high-performance infrastructure. Headquartered in Hong Kong, QED currently employs over 30 full-time staff across the Greater Bay Area and plans to open its first U.S. office in Texas.
