Bitcoin native application platform Arch completed a $7 million seed round, led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent. Arch Mudano said the round was structured as a simple future equity agreement (SAFE) with token warrants, but declined to comment on the valuation.
It is reported that Arch is the first Bitcoin native application platform to bring "bridgeless" transactions directly to the Bitcoin blockchain.
Bitcoin native app platform Arch completes $7 million seed round
2024-05-09 16:06:54
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