Mezo, a Bitcoin scaling network built by Matt Luongo's Thesis, has emerged from stealth with $21 million in funding.
Mezo, a Bitcoin scaling network built by Matt Luongo's Thesis, has emerged from stealth with $21 million in funding.
Thesis began raising funds for Mezo last December and closed the round this week, Luongo, CEO of Thesis and founder of Mezo, told The Block. The round occurred in two tranches, totaling $21 million, Luongo said. He declined to comment on valuation and the structure of the round, but Mezo will have a native token.Thesis calls Mezo a Bitcoin "economic layer," which will focus on creating an ecosystem of applications based on users' economic needs, from groceries to tuition.
Mezo uses "proof of HODL" as a consensus mechanism. Users secure the network by locking BTC and MEZO tokens. "The focus is aligning Mezo economically with BTC holders, who stake and earn rewards for running the network," Luongo said. Users will receive five one-time invitations to extend to their friends upon joining Mezo. Subsequently, Mezo will distribute reciprocal earnings based on the duration and amount of their friends' bitcoin deposits made through the invitations.
Crypto Ecosystems Deals Layer 1S Layer 2S And Scaling Startups Venture Capital Bitcoin Breaking Series A
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by PanteraWill Canny is CoinDesk's finance reporter.
Les mer »
Thesis announces Mezo, aims to make a wider world of commerce possible on BitcoinBitcoin, as both a technology and an asset, offers a world of freedom, privacy, and financial inclusion. A world where any individual can control their money and use it however they wish.
Les mer »
Ark Invest sells another $21 million worth of Coinbase shares as price jumps 10%Ark Invest offloaded another 74,291 Coinbase shares on Monday as the investment firm continues to rebalance its fund weightings.
Les mer »
Biden expands his fundraising advantage over TrumpThe president reported taking in $21 million in February.
Les mer »
Biden rakes in $21 million as cash lead over Trump continues to growPresident Biden continued to out-fundraise former President Trump in February, raking in $21 million and ending the month with $71 million cash on hand.
Les mer »
One Detail on These $21 Jeans Makes Them the “Most Comfortable Pants” Shoppers OwnThe Lee Sculpting Pull-On Jeans with an elastic waistband are on sale starting at $21 on Amazon. Shoppers swear by the stretchy jeans for their comfortable fit and versatile design.
Les mer »