Satoshi Protocol, Bitcoin’s Ecosystem Project, Announces Successful Seed Funding Round with Web3Port Foundation and Waterdrip Venture as Lead Investors

On March 26th, BEVM, the first CDP stablecoin protocol in the BEVM ecosystem, has completed its seed round financing. This round of financing was led by Web3Port Foundation and Waterdrip Venture, with participation from BEVM Foundation, Cogitent Venture, Statoshi Lab, GP of MH Venture/co-founder of BSCnews, Movebit, Supremacy, and other institutions.

Since early March, Satoshi Protocol has launched the Bitcoin Layer2 solution BEVM testnet. The Genesis NFT has already been minted in over 80,000 addresses. During the testnet period, a limited supply of 25,000 OAT has been fully distributed, with a total of over 100,000 addresses participating in the past two weeks. Currently, the protocol is scheduled to go live on the mainnet in the near future.

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