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Nubit secures seed funding to pioneer Bitcoin-nati

时间:2024-03-22|浏览:229

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Nubit is pleased to announce the successful completion of a seed round of funding from a well-known venture capital firm. This important achievement marks key progress in building the first Bitcoin-native data availability layer.

The participation of well-known institutions such as dao5, OKX Ventures, Primitive Ventures, Symbolic Capital, L2 Iterative Ventures, GeekCartel, ABCDE, MH Ventures, etc. gives the Nubit team confidence to accelerate development work, improve technical strength, and expand its influence in the market . The Nubit team sincerely thanks the investors, partners, advisors and supporters for playing a key role in the success of the financing.

Yu Feng, co-founder of Nubit and professor of computer science at the University of California, Santa Barbara, said: “As the first Bitcoin-native data availability layer, Nubit will empower the Bitcoin ecosystem with Bitcoin’s security and censorship resistance. Injecting new energy. Our core mission is to modularize the Bitcoin ecosystem through innovative consensus algorithms and rigorous security guarantees from academia."

Nubit’s big breakthrough is its Bitcoin-native data availability solution. Nubit will develop multiple infrastructures to explore potential technology integrations with the Bitcoin Meta Protocol, Layer 2, Decentralized Finance (DeFi) and indexers, which have high demand for data availability. On its path to pioneering Bitcoin-native data availability infrastructure, Nubit has formed strategic partnerships with several leading projects in the Bitcoin ecosystem. These collaborations showcase Nubit’s technical expertise and demonstrate its commitment to improving the utility and security of the Bitcoin ecosystem.

Nubit’s initial demonstration of a Bitcoin-native data availability solution is a modular indexer. They recently partnered with Domo, founder of BRC-20 and co-founder of the Layer 1 Foundation, to release this groundbreaking innovation. Modular indexers enable efficient trustless validation of index output. This innovative approach utilizes stateless computation to self-validate checkpoints of the meta-protocol indexer, significantly reducing communication costs.

Nubit is currently in the Pre-Alpha testnet stage and plans to launch its mainnet this year. This successful seed round marks an important moment for the project and the Bitcoin space. With the support of leading investors, Nubit will build the first Bitcoin-native data availability layer, improving Bitcoin’s utility and security while inheriting Bitcoin’s complete censorship resistance.

热点:Bitcoin DATA SEED

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