BEVM, a revolutionary project bringing Bitcoin's potential to new heights, has successfully closed a significant funding round. This round, combining seed and part of Series A funding, attracted over 20 prominent investors and valued BEVM at a staggering $200 million.

RockTree Capital, Satoshi Labs, and a consortium of other leading names like Waterdrip Capital and ViaBTC Capital joined forces to fuel BEVM's international expansion. This funding will propel BEVM's mission to empower Bitcoin by attracting a significant portion (10%) of its activity to its Layer 2 network.

BEVM's groundbreaking approach lies in its unique architecture. Built on the Taproot Consensus and using native Bitcoin ($BTC) as gas, BEVM offers unparalleled compatibility with the Ethereum Virtual Machine (EVM). This allows developers to effortlessly migrate existing applications, unlocking a wealth of new possibilities for the Bitcoin ecosystem.

BEVM's testnet, aptly named "Canary," has been a resounding success. Launched in July 2023, it has already amassed nearly 100,000 users, processed over 6 million transactions, and fostered a thriving community of over 30 projects. With its official launch scheduled for March 28th, BEVM is poised to become a game-changer for Bitcoin.

The minds behind BEVM boast an impressive six-year journey dedicated to crafting the most secure and decentralized Bitcoin Layer 2 solution. "Taproot Consensus," BEVM's core innovation, leverages cutting-edge technologies like MuSig2 and Bitcoin SPVs to deliver on this promise.

BEVM's commitment to decentralization extends beyond its architecture. They've already implemented secure, decentralized cross-chain custody services for Bitcoin. Looking ahead, BEVM plans to introduce "BEVM-Stack," a one-click platform empowering developers to build their own "BTC Layer 2" applications. Additionally, the DBFX protocol is on the horizon, facilitating the seamless movement of Bitcoin across different blockchains in a decentralized manner.

Investors like Omer Ozden, Chairman of RockTree Capital, recognize BEVM's immense potential. He highlights the growing demand for secure and scalable solutions within the Bitcoin ecosystem, particularly from traditional finance institutions. BEVM's advanced development, user base, and proven track record in the Asian market position it as a frontrunner in this space.

With BEVM's arrival, the vision of a truly decentralized and scalable Bitcoin Layer 2 compatible with the vast EVM ecosystem becomes a reality. This paves the way for a surge in Bitcoin adoption and opens doors to a plethora of innovative commercial applications.