Bitlayer, a Leading Bitcoin L2, Nets $5M In Funding, Unveils $50M 'Ready Player One' Program
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Bitlayer is the first Bitcoin Layer 2 network based on BitVM, offering Bitcoin-equivalent security and Turing completeness. The protocol aims to build a more scalable and interconnected Bitcoin ecosystem. The fund will also enable Bitlayer to grow its team by hiring across business development and engineering faculties to support global expansion efforts.