Bitcoin second-layer Mezo completes $21 million Series A financing, led by Pantera Capital

2024-04-09 19:17:08BlockBeatsShare to:

According to BlockBeats, on April 9, Bitcoin's second-layer network Mezo completed a $21 million Series A financing round led by Pantera Capital, with participation from Multicoin, Hack VC, and Draper Associates. Mezo was launched by Thesis, a startup studio founded in 2014. Mezo puts the previously idle Bitcoin assets in the hands of holders into use through a points program called "HODL Proof". The longer the Bitcoin is stored, the higher the contributor's "HODL score multiplier". Mezo aims to deepen the functionality of Bitcoin infrastructure by facilitating cheaper and faster transactions without deviating from the basic principles of the network.

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