Arch Labs Raises $13M from Pantera, Multicoin to Launch ArchVM on Bitcoin, Valued at $200M

Arch Labs, a Bitcoin infrastructure company, has successfully completed a $13 million Series A funding round, led by Pantera Capital with participation from Multicoin Capital. The round values Arch Labs at approximately $200 million. The company plans to use the funds to launch ArchVM, a new virtual machine, with the mainnet scheduled for June 29th. Arch Labs aims to introduce smart contract functionality directly into Bitcoin through its novel architecture, enabling fast and scalable Bitcoin applications using Solana-speed rails. This development is aimed at building a Bitcoin DeFi ecosystem, with Arch Labs positioning itself as a key player in this space. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Arch Labs Raises $13M from Pantera, Multicoin to Launch ArchVM on Bitcoin, Valued at $200M

Most Read News

Related News