Summary of the Article: Thesis Launches Bitcoin Economic Layer, Mezo, with $21M Raise Led by Pantera Capital

TLDR:

• Thesis launches Bitcoin Economic Layer, Mezo, to serve the economic ambitions of Bitcoin holders.
• Mezo closes $21M fundraising led by Pantera Capital with participation from various VC firms.

Thesis, a venture studio funding and building brands on Bitcoin, has announced the launch of Bitcoin Economic Layer, Mezo, along with a $21M fundraising led by Pantera Capital. Mezo is a permissionless Bitcoin Economic Layer designed to offer diverse user-centric applications by leveraging a neutral smart contract infrastructure while maintaining the foundational principles of the Bitcoin network. Mezo aims to bring 25% of the world’s economy on-chain to amplify Bitcoin’s infrastructure.

With the support of VC firms like Pantera Capital, Multicoin, and others, Thesis has developed Mezo to allow users to access real applications that use Bitcoin for various purposes, creating a thriving circular economy. By introducing Proof of HODL, Mezo incentivizes Bitcoin holders to lock up their assets and earn yield, transforming passive holdings into active contributions to securing the network. The platform also emphasizes building a community of like-minded Bitcoin HODLers through a points program and referrals.

Investors like Pantera Capital and other prominent VC firms have expressed excitement about the potential of Mezo to revolutionize the use of Bitcoin beyond just a store of value. Mezo’s innovative approach to creating an economic layer for Bitcoin aligns with Thesis’s commitment to innovation and developing successful Bitcoin-focused projects and brands.