#Bitcoin infrastructure provider Alpen Labs raises $8.5 million in funding#
Hot Topic Overview
Overview
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 participating. The funds will be used to accelerate the development of its Bitcoin ZK Rollup project, “Strata,” which is planned to be launched on mainnet in 2025. Strata will be launched as an open platform, aiming to expand and promote the use of Bitcoin, unlocking more utility for it, including simple self-custody, privacy-preserving payments, interoperability, Bitcoin-backed lending, and stablecoins. Alpen Labs previously completed 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 led by DBA and Cyber Fund, with prior investors Ribbit Capital, Castle Island Ventures, and Geometry continuing to participate. The funding will be used to accelerate the development of Alpen Labs’ Bitcoin ZK Rollup project, “Strata,” which is scheduled for mainnet launch in 2025. Strata will be launched as an open platform, aiming to expand and facilitate the use of Bitcoin, unlocking more practical functionalities for it, including simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins. Alpen Labs previously secured $10.6 million in funding in April 2024, led by Ribbit Capital, and this latest funding round, with their continued support, demonstrates the investors’ confidence in Alpen Labs’ potential and future growth. Strata will be open to the public starting next month with the upcoming launch of its testnet, bringing 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, aimed at expanding and promoting Bitcoin usage.
Strata will unlock many practical features for Bitcoin, including simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins.
Alpen Labs has secured $8.5 million in strategic funding, led by DBA and Cyber Fund, with continued participation from seed round investors Ribbit Capital, Castle Island Ventures and Geometry.
Strata is planning a mainnet launch in 2025 and will open to the public next month with the upcoming testnet release.