Midl's funding led by Draper Associates aims to develop a native smart contract execution environment on Bitcoin, potentially transforming the BTCFi landscape.
Midl has completed a $2.4 million seed funding round led by Draper Associates to create a smart contract execution environment on the Bitcoin mainnet, currently in testnet. The initiative aims to eliminate reliance on sidechains, with over 20 projects in development and several DeFi protocols already deployed.