Bitcoin Infrastructure Developer Satflow Secures $7.6 Million in Seed Funding
CryptoNewsTerminal Staff14 Aug, 2024
Bitcoin Infrastructure Developer Satflow Secures $7.6 Million in Seed Funding
Satflow, a Bitcoin network infrastructure developer, has announced the successful completion of a $7.6 million seed funding round. The funding was led by Variant, a crypto-focused investment firm. Other participants in the round included Nascent, Coinbase Ventures, UXTO, Hashed, CMS, Asymmetry, and Robot Ventures. The funds raised will be used to accelerate Satflow's mission of decentralizing Bitcoin's infrastructure and fostering institutional adoption. Satflow's technology aims to improve the security, reliability, and accessibility of the Bitcoin network, making it more appealing to institutional investors and large-scale users. This funding round signifies the growing interest in Bitcoin infrastructure and the need for robust and scalable solutions to support the network's growth. Satflow's focus on decentralization and institutional adoption aligns with the broader trend of institutional involvement in the cryptocurrency space.
