TechFlow News, September 19 — According to an official announcement, Bitcoin infrastructure project Bool Network has announced the successful completion of a $2 million seed round. The funding round was backed by prominent investors including Antalpha Ventures, ViaBTC Capital, Spark Digital Capital, Cogitent Ventures, Web3port, Satoshi Lab, D11 Labs, and Sharding Capital.
Bool Network stated that the raised funds will be used to further develop its decentralized infrastructure, with a focus on unlocking the potential of BTCFi (Bitcoin Finance). By combining its innovative DHC technology with Taproot, the project enables Bitcoin holders to seamlessly participate in DeFi applications such as stablecoins, restaking, and cross-chain bridges, while maintaining self-custody and asset security.
To date, Bool Network has established partnerships with over 70 global projects, served more than 1 million users, recorded over 12 million transactions on its testnet, and achieved a total transaction value exceeding $300 million on its pioneer network. A founder of Bool Network said: "We are leading the next wave of innovation in the Bitcoin ecosystem. This funding will help us accelerate product development and provide Bitcoin holders with safer and more convenient access to DeFi."
