Recently, Bitlayer Labs, a pioneering project focused on Bitcoin Layer 2 (L2) technology, announced the completion of a $11 million Series A funding round. The funding was led by prominent investment firms Franklin Templeton, ABCDE, and Framework Ventures, with participation from well-known investors such as Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, and FalconX. Following this successful funding, Bitlayer Labs has raised a total of $16 million, driving further innovation in the Bitcoin L2 technology sector and contributing positively to the blockchain industry.