OP_NET Completes $5 Million Financing Round Led by Further

According to OP_NET’s official announcement, the Bitcoin L1 native smart contract platform raised $5 million and plans to launch on Bitcoin mainnet on March 17.

BTC

51d ago

Summary

OP_NET announced in an official statement that it has raised $5 million in a funding round led by Further. The Bitcoin L1 native smart contract platform said ANAGRAM, Arcanum Capital, Humla Ventures, Morningstar Ventures, G20 Ventures, and UTXO Management also participated. The company added that it plans to launch on Bitcoin mainnet on March 17.

Terms & Concepts

Bitcoin L1: Layer 1 refers to the base blockchain network itself; Bitcoin L1 means applications or infrastructure built directly on Bitcoin rather than on a secondary network.
smart contract: A self-executing blockchain-based program that runs automatically when predefined conditions are met.
mainnet: A blockchain’s live production network where real transactions and assets operate, as opposed to a test environment.