123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Smart Comms: Leader In 2024 Spark Matrix™

Profile Picture
By Author: Ben Gross
Total Articles: 460
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

We're excited to share that BounceBit has successfully completed a $6 million funding round to develop BTC Restaking infrastructure. This significant achievement was led by well-known venture capital firms Blockchain Capital and Breyer Capital.

"We're thrilled to be leading the seed round for BounceBit as they continue to innovate in the realm of BTC Restaking and yield generation," mentioned Ted Breyer, Partner at Breyer Capital.

"There's a great opportunity to introduce DeFi and other advancements to the Bitcoin community through BTC restaking — we're thrilled to support BounceBit as they take the lead," stated Aleks Larsen, General Partner at Blockchain Capital.

The funding round also saw participation from dao5, CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, Primitive Ventures, Arcane Group, IDG Capital, Bixin Ventures, Nomad Capital, Geekcartel, DeFiance Capital, General Mining Research, OKX Ventures, Mirana Ventures, HTX Ventures, Mexc Ventures, Bodhi Ventures. Notable angel investors include Nathan from Anchorage Digital, Calvin and Jessy from Eigenlayer, Kevin and Ashwin from ...
... Brevan Howard, Smokey from Berachain, George Lambeth, Pranay Mohan, James Parillo, RookieXBT, MacnBTC, Pentoshi, and others.

"Their expertise and support will play a key role in our mission to develop restaking infrastructure to facilitate yield generation for all types of Bitcoin across various networks," said Jack Lu, Founder & CEO of BounceBit. BounceBit has already amassed $445 million TVL within just three weeks of its Early Access launch. Early TVL contributors can earn BounceBit points at bouncebit.io.

At its core, BounceBit's innovation revolves around its BTC Restaking mechanism, a relatively new concept that serves as the project's foundation. BounceBit will construct a range of infrastructure to explore the use-cases of Restaking for different types of Bitcoin. These infrastructure elements are known as Shared-Security Clients (SSC).

BounceBit's initial demonstration of an SSC will be its BTC Restaking Chain, secured by validators.

More Information : https://www.techdogs.com/tech-news/pr-newswire/bouncebit-raises-6m-in-seed-funding-round-to-build-bitcoin-restaking-infrastructure

Total Views: 173Word Count: 297See All articles From Author

Add Comment

General Articles

1. Hr Management: How To Handle Termination Of Employment
Author: Rosalina Wolf

2. Dme Billing And Home Health Billing: Integrated Medical Billing Services For Better Care
Author: Charlie Robinson

3. High Employability Through 64 Kala Concept
Author: Chaitanya Kumari

4. Softlink Global Ceo Amit Maheshwari Honoured With Best Entrepreneur Award At Maharashtra Corporate & Education Excellence Awards 2025
Author: Softlink Global

5. Why Businesses Are Switching To Open Source Alternatives To Crystal Reports
Author: Vhelical

6. Why Eastern Europe Is The Smartest Bet For B2b Travel In 2025
Author: seopass

7. Sap Erp Software In Udaipur – The Digital Core Of Scalable Business Success
Author: Akansha

8. Gws Tele Services: Powering India's Digital Future
Author: GWS Tele Services

9. The Future Of Clinic Management Software: What To Expect In 2026
Author: sheetal

10. 11 Hills Park In Dubai By Townx
Author: TownX

11. What Happens If You Don’t Replace A Missing Tooth?
Author: Dr indveer reddy

12. Why You Need A Tracker For Your Car: Benefits, Features & Buying Guide
Author: What Is a Tracker for Car?

13. Create A Marketplace Like Amazon
Author: davidbeckam

14. Autonomous Vehicles Market Insights And trends
Author: Rutuja kadam

15. Key Trends In The Automotive Parts sector
Author: Rutuja kadam

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: