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Bitlayer is a layer 2 solution on Bitcoin that based on the revolutionary BitVM model, respects the fundamental principles of Bitcoin while allowing developers to build dapps on Bitcoin. It is also completely compatible with the Ethereum Virtual Machine (EVM), enabling developers to easily move tools and applications from Ethereum to Bitlayer without requiring major changes. Bitlayer has exposed its native token, $BLT, though its utility details remain undisclosed for now.
Bitlayer successfully raised $9M via an Extended Series A round, from Polychain Capital, Franklin Templeton, SCB Limited, and others.
6-month cliff and then 24-month linear vesting