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Bitfinity bridges Bitcoin and Ethereum with new Layer-2 mainnet, raises $12 million – TON BOT

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Bitfinity bridges Bitcoin and Ethereum with new Layer-2 mainnet, raises $12 million

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Bitfinity Network, a Bitcoin Layer-2 solution compatible with Ethereum Virtual Machine (EVM), has officially launched its mainnet after raising $12 million. The network aims to bring Bitcoin-native DeFi to a broader audience, with institutional backing and successful token sales. Bitfinity also introduced Bitgems, rewarding users for social interactions. Leveraging ICP technology, the network supports Bitcoin-native assets in an EVM-compatible environment, offering secure development of Bitcoin smart contracts. Bitfinity’s mainnet launch coincides with a surge in Bitcoin’s price and interest in its DeFi ecosystem, drawing institutional attention and excitement for new opportunities in the Bitcoin space. VP of Growth at Dfinity, Lomesh Dutta, believes Bitfinity’s EVM compatibility could redefine Bitcoin’s DeFi landscape.

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