TechFlow reports, according to official news, Alpen Labs, a Bitcoin zero-knowledge proof scaling solution, has announced the completion of an $8.5 million strategic funding round co-led by DBA and Cyber Fund. Key seed investors Ribbit Capital, Castle Island Ventures, and Geometry participated in this round as well.
Alpen Labs is developing Strata, a Bitcoin ZK Rollup project scheduled to launch its mainnet in 2025. The project aims to offer simple, scalable self-custody, private payments, cross-chain interoperability, BTC staking and lending, and stablecoin functionality. The Strata developer network is now open, and the testnet will go live next month.
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