Stacks has raised $23 million in a Series A funding round to expand its Bitcoin smart contract platform and accelerate Web3 growth on Bitcoin. The round was led by a group of prominent venture capital firms and crypto-focused investors, with funds directed toward upgrading infrastructure, expanding developer tools, and growing the ecosystem to attract more developers and enterprises building on Bitcoin-based Web3 applications. The round underscores rising investor confidence in Bitcoin Layer 2 solutions as demand for Bitcoin-based smart contracts increases, with investors backing platforms that extend Bitcoin’s functionality without compromising security. Industry analysts note that Stacks’ approach of anchoring smart contracts to Bitcoin’s base layer provides a unique competitive advantage, appealing to developers and investors seeking Bitcoin’s security alongside the programmability of modern blockchain platforms.
As Web3 continues to grow, Stacks plans to offer Bitcoin Layer 2 infrastructure and tools to become the primary network for Layer 2 development on Bitcoin, with funds allocated to increasing developer outreach, scalability, latency, and tooling to improve the overall user experience. Stacks has raised $23 million in a Series A funding round to expand its Bitcoin smart contract platform and accelerate Web3 growth on Bitcoin. The round was led by a group of prominent venture capital firms and crypto-focused investors, with funds directed toward upgrading infrastructure, expanding developer tools, and growing the ecosystem to attract more developers and enterprises building on Bitcoin-based Web3 applications. The round underscores rising investor confidence in Bitcoin Layer 2 solutions as demand for Bitcoin-based smart contracts increases, with investors backing platforms that extend Bitcoin’s functionality without compromising security.
Industry analysts note that Stacks’ approach of anchoring smart contracts to Bitcoin’s base layer provides a unique competitive advantage, appealing to developers and investors seeking Bitcoin’s security alongside the programmability of modern blockchain platforms. As Web3 continues to grow, Stacks plans to offer Bitcoin Layer 2 infrastructure and tools to become the primary network for Layer 2 development on Bitcoin, with funds allocated to increasing developer outreach, scalability, latency, and tooling to improve the overall user experience.
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