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Bitcoin Eco Protocol Fiamma Completes $4 Million Seed Round, Led by Faction

BlockBeats News, December 5th, the Bitcoin ecosystem protocol Fiamma completed a $4 million seed round financing, led by Faction and L2 Iterative Ventures in this round, with founders of BOB and SatLayeer, as well as AsteraVentures, ContributionCap, among others participating.


Fiamma aims to transform Bitcoin into a dynamic asset in a trust-minimized manner and build a decentralized internet and financial system on Bitcoin. It is addressing Bitcoin's programmability gap through BitVM2, enabling Bitcoin to scale and interact seamlessly with programmable blockchains in a trust-minimized manner.


By developing the smallest and most efficient fragmenting ZK validator in Bitcoin script (Fflonk and Groth16), we have unlocked highly optimized ZK validation on Bitcoin for the first time.

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