Could 9: Arch Labs, constructing Arch, described because the “first Bitcoin-native utility platform,” raised $7 million in a seed spherical led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Massive Mind Holdings, CMS Holdings, Tangent, Cypher and Newman Capital, in line with a press launch: “The corporate plans to make use of the funds to rent further core builders, assist launch the Arch Community into mainnet in H2 2024 and proceed to assist its burgeoning app ecosystem.to construct the primary bitcoin-native utility platform… The Arch Community is a parallelized, proof-of-stake community that makes use of zk-proofs to reinforce Bticoin-native programmability. The community consists of a Rust-based zkVM, known as the ArchVM, and a decentralized verifier community.”
