a16z Crypto Backs Babylon with $15M to Unlock Idle Bitcoin for DeFi
Venture capital firm a16z crypto has invested $15 million into the Layer 2 protocol Babylon, specifically to support the development of “Babylon Trustless Bitcoin Vaults” (BTCVaults). This latest injection brings Babylon’s total funding to $103 million, following previous rounds led by Paradigm. Unlocking a $1.4 Trillion Market The core mission of the project is to … Read more