TLDR:
- Mezo, a Bitcoin layer-2 network, raised $21 million in a funding round led by Pantera Capital.
- The funding round included investors such as Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, and Asymmetric Ventures.
Mezo emerged from stealth mode to secure funding and has a unique perspective on transforming Bitcoin holdings into actively engaged assets within the network. The platform offers a permissionless Bitcoin economic layer with a neutral smart contract framework for various applications. Mezo also features a “Proof of HODL” points program to incentivize user engagement and plans to introduce a Bitcoin-backed Ethereum token, tBTC. The successful funding round has boosted the platform’s total value locked (TVL) to over $75 million. Mezo’s unique approach and strong investor backing position it well for growth and development within the crypto space.
