#Bitcoin infrastructure firm Alpen Labs raises $8.5 million in funding#
Hot Topic Overview
Overview
Bitcoin infrastructure developer Alpen Labs recently announced the completion of an $8.5 million strategic funding round, co-led by DBA and Cyber Fund, with previous investors Ribbit Capital, Castle Island Ventures, and Geometry continuing to participate. The funds will be used to accelerate the development of its Bitcoin ZK Rollup project "Strata," which is slated to launch on mainnet in 2025. Strata will be launched as an open platform, aiming to expand and promote the use of Bitcoin, unlocking numerous practical capabilities for Bitcoin such as simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins, and more. Alpen Labs previously closed a $10.6 million funding round in April 2024, led by Ribbit Capital.
Ace Hot Topic Analysis
Analysis
Bitcoin infrastructure company Alpen Labs recently announced the completion of an $8.5 million strategic funding round, co-led by DBA and Cyber Fund, with previous investors Ribbit Capital, Castle Island Ventures, and Geometry continuing to participate. The funds will be used to accelerate the development of Alpen Labs' Bitcoin ZK Rollup project, "Strata," which is planned for mainnet launch in 2025. Strata will be launched as an open platform, aiming to expand and facilitate Bitcoin adoption, unlocking more utility for it, such as simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending, and stablecoins. Alpen Labs previously secured $10.6 million in funding led by Ribbit Capital in April 2024. This indicates investor confidence in Alpen Labs' Bitcoin ZK Rollup project, believing it can bring new development opportunities to the Bitcoin ecosystem.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Alpen Labs is developing a Bitcoin ZK Rollup project called Strata, aiming to expand and promote the use of Bitcoin.
Strata will be launched as an open platform, unlocking many practical features for Bitcoin, such as easy self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins.
Alpen Labs has secured $8.5 million in strategic funding, co-led by DBA and Cyber Fund, with continued participation from seed investors Ribbit Capital, Castle Island Ventures, and Geometry.
This funding will help Alpen Labs accelerate the development of Strata and plan to launch it on mainnet in 2025.