With a new $ 15 million increase, Hemi says it is building the alarm for Bitcoin’s $ 2.3 trillion at sleeping value. The project is intended to transform the world’s largest crypto assets from a static value of value in the dynamic basis for a new defi -ecosystem.
Summary
- Hemi achieves $ 15 million in growth funding at prior to his tokentamen event, which means that the total financing is brought to $ 30 million.
- Round led by YZI Labs, Republic Digital and Hyperchain Capital, with the participation of top crypto funds.
- The financing is intended to speed up the development of the Bitcoin programmability layer of Hemi.
In one press release Dated 26 August, Hemi announced the end of a $ 15 million growing round under the leadership of YZI Labs, with the participation of Republic Digital, Hyperchain Capital, Selini Capital, Protein Capital and Quantstamp.
The increase, which also attracted a syndicate of other remarkable funds, including Breyer Capital, Big Brains Holdings, Web3.com and Crypto.com, brings the total financing of the protocol to $ 30 million. Hemi said that the capital injection is strategically timed to accelerate the development of ecosystem and to scale its infrastructure in the last part before the tokenteration event.
Bitcoin’s big gap
According to Hemi, Bitcoin’s market capitalization of $ 2.3 trillion remains largely isolated from the innovation that takes place in the Defi landscape. Although Ethereum and other smart contract platforms have built lively financial ecosystems, Bitcoin’s security model has historically against such flexibility.
The architecture of Hemi, in particular the virtual hemi machine, tries to solve this by entering a full Bitcoin node in a virtual Ethereum machine, so that some developers call a “super network” that retains the security experience of Bitcoin, while the programmability of Ethereumstijl in the Ethereum style in the Ethereum style in the Ethereum style in the Ethereum style.
The technical approach reflects a philosophical attitude that is shared by the founder team of Hemi, including Bitcoin Core developer Jeff Garzik and proof-of-proof consensus inventer Maxwell Sanchez. Their solution avoids the common pitfalls of Bitcoin -Zijdelings or packed assets that are often endangered for security or decentralization.
“Bitcoin does not have to come out again; it only needs the right tools around it. Hemi offers Defi-Protocols a trusted way to build on Bitcoin, without requiring new skills, compromising on security or sacrificing decentralization. Our partners share our condemnation that Bitcoin can support a whole ecosytic said.
The traction of the protocol suggests that this vision will have a considerable momentum. Hemi currently reports more than $ 1.2 billion in the total value, making it the largest programmability layer on Bitcoin by that metric. The network claims more than 100,000 verified users and a community of more than 400,000 members, supported by integrations with 70 ecosystem partners, including established names such as Sushi, Layerzero and Metamask.
Hemi -Tok
The newest Raise appears at Hemi’s expected event, for which the project recently unveiled its Tokenomics structure. The hemi-smoking will act as the core coordination mechanism for network security, transaction costs and cross chains.
With a total range of 10 billion tokens, the allocation gives priority to the community and ecosystem growth by 32%, followed by investors and strategic partners at 28%, team and core contributions at 25%, and the Hemisheres Foundation receives 15%.
The Token Utility extends to stimulate the inheritance of Bitcoin Security by the proof-of-proof mechanism, as a chain payment for security aggregation and making governance possible via the vehicle system.
