Thesis, which is a enterprise studio established in 2014, has unveiled Mezo at this time. Mezo is a Bitcoin layer-2 answer that Thesis labels as a “Bitcoin Economic Layer.” Moreover, this launch comes on the heels of a profitable $21 million Series A funding spherical.
Bitcoin Layer 2 Mezo’s Series A Funding
The Bitcoin Layer 2 answer’s Series A spherical was spearheaded by Pantera Capital and backed by Multicoin, Hack VC, Draper Associates, and others. It marks a big milestone for the BTC Layer 2 answer as it’s now backed with a few of the well-known individuals within the funding panorama.
Mezo units itself aside by providing customers entry to purposes that facilitate the utilization of Bitcoin tokens. Furthermore, it has a concentrate on fostering a round Bitcoin financial system past mere financial savings. According to Fortune, Matt Luongo, CEO of Thesis and founding father of Mezo stated, “What I think distinguishes an economic layer versus any other chain is that it’s doing good for Bitcoin— both the money and the network.”
One of Mezo’s key options is the “Proof of HODL” factors program, which incentivizes customers to maintain their Bitcoin holdings energetic inside the platform. As Luongo places it, Mezo goals to make Bitcoin holdings extra than simply idle belongings by encouraging customers to actively interact with the community.
“We want to make sure that people that have Bitcoin can actually run this chain,” Luongo emphasised. The longer customers maintain and make the most of their tokens with Mezo, the extra built-in they turn into with the platform. Hence, they earn rewards for securing the community.
Also Read: Bitcoin Price To Slip Below $20K By 2024 End: Deutsche Bank Survey
Low-cost & Seamless Transactions On Mezo
Furthermore, Mezo additionally addresses the necessity for cheaper and sooner transactions with out compromising the foundational ideas of the Bitcoin network. It operates as a permissionless layer, leveraging a impartial good contract infrastructure to develop the vary of purposes accessible on the Bitcoin community.
The Bitcoin Layer 2 platform might be supported by Thesis-built tBTC, which facilitates “trust-minimized” bridging to varied ecosystems. In addition, Anjan Vinod, principal at ParaFi Capital, hailed Mezo’s launch as a testomony to the potential of tBTC in enhancing Bitcoin’s utility as an asset.
“This feels like a breakthrough moment for Bitcoin as a technology, not just an asset,” remarked Dan Morehead, founder and managing accomplice of Pantera Capital. He famous the readiness of the Bitcoin neighborhood to make the most of their belongings past mere holding. This alerts a shift in direction of extra energetic engagement with the expertise.
Also Read: Bitcoin ETF Flows Turn Negative But BTC Price Holds Firm At $71,300
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