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Bitcoin Infrastructure Bool Network Completes $2 Million Seed Funding Round, Spark Digital Capital Among Investors

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September 19, 2024
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Bool Network Raises $2 Million in Seed Funding to Empower Bitcoin DeFi

Mars Finance reports that Bool Network, a decentralized verification infrastructure for the Bitcoin ecosystem, has announced the completion of a $2 million seed funding round on X. Investors include Antalpha Ventures, ViaBTC Capital, Spark Digital Capital, Cogitent Ventures, Web3Port, Satoshi Lab, D11 Labs, and Sharding Capital.

The new funding will be used to further develop Bool Network's decentralized infrastructure, focusing on unlocking the potential of BTCFi (Bitcoin Finance). The integration of DHC technology and Taproot allows Bitcoin holders to seamlessly interact with DeFi applications – including stablecoins, re-staking, and bridging – while maintaining self-custody and ensuring asset security.

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