Launched by muneeb, novel platform Trust Machines secures $150 million to advance the usage of Bitcoin $BTC in Web3 Bitcoin
The new protocol yielded contributions from blockchain VC heavyweights Breyer Capital, Digital Currency Group, GoldenTree, Hivemind and Union Square Ventures.
With the early foundation built, it's time to concentrate on unlocking the next level of applications and platform technology on Bitcoin, enhancing the platforms for speed, scale and functionality, and making Bitcoin apps a reality for hundreds of millions of users. This is why we launched Trust Machines and, with the backing of our terrific investors, we’re excited to take on this challenge.
We believe that Bitcoin can be more than a store of value; it can also be the settlement layer and platform for Web 3. Muneeb and JP have accomplished a great deal already by making Bitcoin programmable with use cases like lending applications and DAOs. We're excited to support Trust Machines and their mission to help Bitcoin reach its potential.
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