TechFlow News, the Bitcoin rollup project Nexio has announced the completion of a $2.2 million Pre-seed funding round led by Lattice, with participation from HTX Ventures, Artichoke Capital, Morningstar Ventures, Sharding Capital, SNZ Holding, Sats Ventures, Wise3 Ventures, and others.
Nexio is a parallelized Bitcoin rollup powered by MoveVM. The project aims to bring Facebook's Move virtual machine to the Bitcoin ecosystem, addressing smart contract vulnerabilities present in EVM-based scaling solutions and multisig bridge designs, while reducing transaction costs and increasing throughput.
Nexio claims it can achieve over 30,000 TPS with gas fees under $0.01, making it suitable for high-frequency applications such as derivatives and infrastructure projects. By leveraging the Movement SDK, Nexio enables developers to build on Bitcoin using Aptos Move, Sui Move, and Solidity, supporting more than 95% of cryptocurrency developers in building applications on Bitcoin.
