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Ark Labs is building a Bitcoin Layer 2 protocol designed to make BTC payments seamless by routing them through non-custodial Ark Service Providers, with final settlement anchored on the Bitcoin blockchain.
In August 2024, the project secured $2.5M in a pre-seed round led by Tim Draper and Draper Associates, alongside Fulgur Ventures, Axiom Capital, and Stephen Cole. The funds will fuel protocol upgrades, partner integrations, and the rollout of the Ark Node wallet.