Satflow Completes $7.6 Million Seed Funding Round to Accelerate Bitcoin Network Infrastructure Development
Publication Time:2024-08-15 10:07:07
Developer of Bitcoin network infrastructure, Satflow, has recently announced the completion of a $7.6 million seed funding round. This round was led by Variant, with participation from Nascent, UTXO Management, Coinbase Ventures, Hash3, CMS Holdings, Asymmetric, Sora Ventures, Memeland, Robot Ventures, and Bitcoin Frontier Fund, among other well-known investment institutions. Satflow aims to build advanced Bitcoin network infrastructure to provide the best trading experience and address the current Bitcoin decentralized exchange (DEX)'s neglect of advanced order types, high-speed data, and liquidity pools. The project team believes that traditional Web2 models have limitations in managing conflicts of interest, and Satflow is committed to solving this problem to drive the development of the Bitcoin L1 network towards higher quality and more inclusive directions, while strengthening its decentralization to attract more institutional participation.
Bitcoin
Seed Round
funding
Satflow
Variant
Network Infrastructure