nexio, a Bitcoin scaling solution leveraging parallelized roll-up technology, raised 2.2M in its pre-seed round, led by Lattice Fund and with participation from SNZ Holding, HTX Ventures, Morningstar Ventures, and more. The funds will enable Nexio to develop its technology further and support the accessibility and scalability of the BTC ecosystem.
Nexio is currently building its parallelized Bitcoin rollup using MoveVM, which supports 30K+ transactions per second with gas fees under $0.01. This will tackle slow transactions, high fees, poor security, and a lack of tools in the BTC ecosystem, paving the way for mass adoption.
Nexio has also partnered with our portfolio company, Movement Labs, to build an integration that enables robust cross-chain functionality and asset movement across platforms.
Read more about the round: ➡️ https://bit.ly/nexio-funding-round
Join the Nexio community: ➡️ https://discord.com/invite/nexio
