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BiHelix, a Build dApps on Bitcoin, closes Seed Funding Round led by Satoshi Labs


Bitcoin Native Application Ecosystem Framework

August 22, 2024


BiHelix, a framework for Bitcoin-native applications built on the Lightning Network and RGB protocol, has announced the completion of a seed funding round led by Satoshi Labs. Other notable investors in this round include WaterDrip Capital, Founder Fund, UTXO Management, Candaq Capital, Cognition Capital, LK Venture, and various institutional and private investors.

Project

Latest Raise Date

Stage

Lead Investor

Category

BiHelix

August 22, 2024

Seed Round

Satoshi Labs

Bitcoin

BiHelix aims to offer a user-friendly and scalable application framework for the Bitcoin ecosystem, enabling the development of diverse DApps, including DeFi, AI, and games, thus advancing the Web3.0 era. The project is spearheaded by a team specializing in Bitcoin ecosystem and RGB protocol R&D, providing key infrastructure and products like BiHelix Nodes, BiHelix Wallet SDK, and BiHelix Market SDK.


Elaine Yang, a partner at SatoshiLabs, highlighted the significant potential of BiHelix in building a robust Bitcoin ecosystem infrastructure. By integrating the RGB protocol and Lightning Network, BiHelix enhances Bitcoin’s scalability and application. She also noted the shared vision between SatoshiLabs and the BiHelix team for a decentralized, scalable, and secure Bitcoin future.


The newly secured funding will be used to further develop BiHelix’s core products and solutions. In the coming weeks, BiHelix plans to launch its marketplace, including trading of RGB-20 assets, and support the deployment of the first batch of protocols within its ecosystem.


About BiHelix

BiHelix is a framework designed to make it easier to build applications on Bitcoin. It uses the Lightning Network and RGB protocol to enable the creation of various decentralized apps (DApps) like DeFi, AI, and games. This framework aims to make Bitcoin more scalable and user-friendly, allowing developers to create a wide range of applications on the Bitcoin network.


 

About Investor

Investor: Satoshi Labs

SatoshiLabs is a company known for creating the world’s first hardware wallet for securely storing cryptocurrencies, called Trezor. They focus on developing innovative hardware and software solutions to enhance digital security and support the cryptocurrency ecosystem.


Location: Prague

 

 

 

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.

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