Nubit completes $8 million seed round led by Polychain Capital

Bitcoin data availability layer project Nubit completed a $8 million seed round of financing, led by Polychain Capital, Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, Mask Network, etc. The latest round of financing brings Nubit's total financing to $12 million.
Nubit aims to develop the most secure and scalable data availability (DA) layer for a multi-chain ecosystem, supporting unlimited applications including AI, SocialFi, and GameFi.
The team will launch the Alpha testnet in June, the final stage before the mainnet launch later this year.