Bool Network Raises $2 Million in Seed Funding to Power BTCFi

ChainCatcher News: Bool Network, a Bitcoin infrastructure project, has secured $2 million in seed funding led by Antalpha Ventures, ViaBTC Capital, Spark Digital Capital, Cogitent Ventures, Web3port, Satoshi Lab, D11 Labs, and Sharding Capital. The funds will be used to further develop Bool Network's decentralized infrastructure with a focus on unleashing the potential of BTCFi (Bitcoin Finance).

Bool Network is committed to providing self-custody solutions for Bitcoin holders. Through its proprietary DHC technology combined with Taproot, Bool Network enables users to seamlessly participate in DeFi applications like stablecoins, restaking, and cross-chain bridges within a self-custodial environment.

Since its launch, Bool Network has garnered over 1 million users, with its testnet accumulating 12 million transactions and its先行網 (a term referring to a preliminary network) surpassing $300 million in total transaction volume.