Babylon Labs announces strategic investment in BitVM2 development company Fiamma
The Bitcoin Proof of Stake protocol, Babylon Labs, has announced a strategic investment in BitVM2 development company Fiamma. The specific amount invested has not been disclosed. This investment will support the construction of a minimal trust Bitcoin bridge connector software solution to connect with the Cosmos chain. It plans to integrate zero-knowledge technology into Bitcoin, reshaping the way Bitcoin is used in programmable blockchains and other fields.
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