[Skyland Ventures Co., Ltd.] Skyland Ventures, BTC L2 based on BitVM that inherits BTC L1 security
Participate in Bitlayer’s funding round
*View in browser* *Skyland Ventures Co., Ltd.*
Press release: June 5, 2024
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Skyland Ventures, BTC L2 solution based on BitVM that inherits BTC L1 security Bitlayer
Participated in funding round of
Skyland Ventures (Headquarters: Shibuya-ku, Tokyo, General) is a venture capital fund that mainly invests in seed startups.
Partner ・CEO: Yoshihiko Kinoshita (SV) is pleased to announce that he has participated in the funding round of Bitlayer, a BTC Layer2 solution.
*What is Bitlayer*
BitLayer L2 for Bitcoin
solution and is intended to enhance its security and scalability. BitLayer is EVM
Powered by a Layered Virtual Machine (LVM) that supports compatible smart contracts, developers can use Solidity
Smart contracts written in languages that compile to EVM bytecode, such as BitLayer, can be easily migrated to BitLayer. Currently, BitLayer supports Solidity up to v0.8.25 and plans to support future versions.
BitLayer’s transaction fees (gas price), whose native gas token is BTC, are lower than Ethereum due to its efficient mechanism. About the Bitlayer ecosystem
BitLayer is Hacken, AWS Cloud, Ankr, Polyhedra, Babylon, Particle We are supported by ecosystem partners such as Network, which provides strong technical assistance and resources. This powerful network allows BitLayer to leverage the latest technology and resources to develop and deploy quickly and effectively.
For users, we provide access to innovative decentralized applications (dApps) that leverage the security of Bitcoin, and for developers, if you are familiar with the Ethereum toolchain, you can easily use BitLayer. We provide an environment where you can migrate.
BitLayer has a detailed technical architecture and offers both Mainnet and Testnet, allowing developers and users to explore BitLayer’s capabilities with the approach that suits them.
We are also running an airdrop campaign for our users, and the latest information can be accessed on X, Discord, Telegram, and Medium. – * Website: * * https://www.bitlayer.org/* – * X:* * https://x.com/BitLayerLabs* – * Discord: * * https://discord.com/invite/bitlayer*
– * Medium:* * https://medium.com/@Bitlayer*
– * Github: * * https://github.com/bitlayer-org*
*About Bitlayer security*
Up until now, projects that had just launched had a small number of nodes, making them vulnerable to security issues. However, as a Layer 2 solution for Bitcoin, BitLayer takes advantage of Bitcoin’s robust security, and its strength is its high level of security. By inheriting the strong security guarantees of the Bitcoin network, you can safely run decentralized applications (dApps) and smart contracts. BitLayer’s high level of security is backed by the latest research and technological developments, including cryptography, blockchain protocol design, and hardware optimization. BitLayer offers a high level of security, making it a safe platform for both users and developers.
*Comments from each stakeholder*
*Charlie Hu, Cofounder of Bitlayer Labs*
Bitcoin ecosystem has been growing very fast with the new bitcoin Renaissance type of vibe and growth movement. Bitlayer is super grateful to have Skyland Ventures invest us on the series A funding round with the strategic partnership of building the Japanese Bitcoin ecosystem and developer community together. It’s a very exciting season to push the development of native Bitcoin layer2, Bitcoin finality and BitVM technology. Bitlayer feels super honored to work with Skyland Ventures!
(Japanese translation)
The Bitcoin ecosystem is rapidly growing with a new Bitcoin
renaissance vibe and growth movement.
Bitlayer is partnering with Skyland in a strategic partnership to build Japan’s Bitcoin ecosystem and developer community together. We are very grateful to Ventures for investing in our Series A funding round. It’s a very exciting season as we push forward with the development of Bitcoin’s native layer 2, Bitcoin finality, and BitVM technology. Bitlayer is Skyland
We are very honored to be working with Ventures!
* Yuan Xiao Hang, General Partner and CSO of Skyland Ventures* We have invested in BitLayer, an innovative layer 2 solution that increases the security and scalability of BTC. We believe that BitLayer’s advanced technology and EVM compatibility will open new possibilities for developers and users. I believe that BitLayer, which aims to realize efficient transactions and low costs while leveraging BTC’s strong security foundation, will play an important role in the development of future decentralized applications.
*Yonkuro, Principal of Skyland Ventures*
As a Layer 2 solution for BTC, BitLayer integrates Ethereum’s smart contract functionality and provides an environment where developers can easily migrate by leveraging their existing tools. This project is characterized by a rapidly expanding ecosystem. An environment that makes it easy to attract existing EVM developers and founders Charlie’s never-ending spirit of challenge has made this possible. There are various technology approaches, but BitLayer is the one that creates the real use case, and we believe this project will be a game changer.
[About Skyland Ventures]
Skyland Ventures (SV) invests in domestic and international startups as a seed VC (venture capital). SV is “The
Seed
With the mission of “Maker.”, we provide seed money to young entrepreneurs and startups in the Internet domain.From 2022 onwards, we will strengthen investment in the Web3 domain and generative AI domain, and we will launch an incubation program called CryptoLand (Web3 ) and Aranami (generated AI) and are creating seed startups.In addition, in 2023, we will acquire naming rights for the Tokushima City Awa Odori performance hall, which will attract over 1 million participants, both in Tokyo and other regions. We aim to expand the Japanese startup ecosystem across Japan and globally, and to act as a bridge between each player.
Company name: Skyland Ventures (Representative: Yoshihiko Kinoshita) Address: Sakuragaoka Front Building II, 16-13 Sakuragaoka-cho, Shibuya-ku, Tokyo – *URL:* https://skyland.vc
– * Twitter: * https://twitter.com/skylandvc
– * YouTube: * https://www.youtube.com/channel/UCpQ0_31ALEoIDGkDIBRuwUQ – *Press Kit:*
https://www.notion.so/skylandventures/Skyland-Ventures-Pres-Kit-821339adc9df435c8dbd5ea4ee2426fe