Curated News
By: NewsRamp Editorial Staff
April 17, 2024
Merlin Chain Secures New Funding Round Led by Spartan Group and Hailstone Labs
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- Merlin Chain's successful new funding round will position it at the forefront of the Bitcoin ecosystem's evolution.
- Merlin Chain's innovative architecture enhances security, scalability, and transparency with a multi-tiered structure and decentralized oracle network.
- Merlin Chain's cutting-edge technology and community support are revolutionizing the blockchain space, driving innovation and delivering value to its users and stakeholders.
- Merlin Chain's strategic partnerships and innovative approach offer enhanced yield on Bitcoin, affirming its status as a pivotal 'storage of value.'
Impact - Why it Matters
Merlin Chain's success in securing a new round of funding and strategic partnerships is a significant milestone in the evolution of the Bitcoin ecosystem, with potential impact on the institutional management scene and BTC staking narrative. The platform's rapid growth and large Total Value Locked (TVL) indicate its increasing importance in the blockchain domain, making it a key player to watch in the coming years.
Summary
Merlin Chain, a pioneering Bitcoin Layer 2 solution, has secured a new round of funding co-led by the Spartan Group and Hailstone Labs, with major contributions from Amber Group, Presto Labs, and IOBC Ventures. This strategic partnership positions Merlin Chain at the forefront of the Bitcoin ecosystem's evolution, enabling it to delve deeper into institutional management and BTC staking. The platform has already facilitated over 9 million transactions and hosts more than 70 live projects with a Total Value Locked (TVL) exceeding $4 billion.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Merlin Chain Secures New Funding Round Led by Spartan Group and Hailstone Labs
