Bitcoin L2 network Mezo developer Thesis completed $21 million in Series A financing, led by Pantera Capital
PANews reported on April 9 that according to Fortune, Thesis, the developer of the Bitcoin L2 network Mezo, has completed a $21 million Series A financing led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates and others. Thesis, a startup studio launched in 2014, today announced the launch of a second-layer Bitcoin network called Mezo, which the company calls the "Bitcoin economic layer." Through Mezo, a new platform, Thesis aims to solve the scalability issues of the Bitcoin network, improve its transaction efficiency, and promote broader Bitcoin economic activities.
Mezo uses a point program called "Proof of HODL" to "put into use" the originally static Bitcoin assets of HODLers. The longer the Bitcoin is stored, the higher the "HODL score multiplier" . This second layer network will come online alongside Thesis-built tBTC, which allows for “trust-minimized” bridging to various ecosystems.
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