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Botanix Labs is building a pioneering Bitcoin L2 to enable the development and usage of decentralized applications on Bitcoin. It introduces Botanix EVM and Spiderchain as unique approaches to transform Bitcoin’s UTXO model into a more advanced account-based model while keeping all the benefits of the original chain such as finality and decentralization.
In June 2023, the Botanix crypto project closed a $3M Pre-Seed funding round with the participation of Edessa Capital, Curiosity Capital, UTXO Management, XBTO Ventures, Blocmates, and some other angel investors.