Mezo Raises $7.5 Million in Strategic Round Led by Ledger Cathay Capital

Paving the Way for the Future of Bitcoin Layer 2

In a significant development for the Bitcoin ecosystem, @MezoNetwork, a pioneering Bitcoin Layer 2 scaling network and vVv portfolio company, has successfully raised $7.5 million in a strategic funding round led by Ledger Cathay Capital, the early-stage venture fund of Ledger.

This investment represents Ledger's largest foray into the Bitcoin L2 space and marks a substantial milestone for both companies.

With this new partnership, Mezo is set to be integrated into Ledger's suite of products, providing a strategic advantage by aligning with Ledger’s extensive user base.

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Mezo: Bitcoin’s Economic Layer

Mezo, developed by the respected Bitcoin venture studio Thesis, has quickly established itself as a leading player in the Bitcoin Layer 2 (L2) ecosystem.

Thesis, a notable name in the Bitcoin space for over a decade, is renowned for its innovative contributions, including tBTC, which has become a de facto standard across Bitcoin L2s.

• Mezo is designed to abstract away the complexities of using a wrapped version of Bitcoin, ensuring that end users experience seamless transactions akin to using Bitcoin itself.

The platform positions itself as “Bitcoin’s Economic Layer,” offering a user-friendly interface that appeals to the average Bitcoin enthusiast.

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The Strategic Raise and Its Implications

The $7.5 million strategic round saw participation from several prominent investors in the cryptocurrency space. Besides Ledger Cathay Capital, investors include @ark_stream, @Aquarius_Fund, @flowdesk_co, @GSR_io, @FlowTraders, @OriginProtocol, and @Bybit_Official's ecosystem project, @0xMantle’s EcoFund.

• This round comes on the heels of Mezo’s emergence from stealth mode three months ago, when it secured $21 million in funding led by Pantera Capital, bringing its total funding to $30 million.
• With this fresh capital infusion, Mezo plans to enhance the adoption of its network by integrating more products, such as Acre, a Bitcoin staking platform.

Acre allows users to mint liquid staked bitcoin (stBTC) by depositing Thesis' tBTC into Mezo. This stBTC can then be employed in decentralized applications to earn additional yield, providing significant value to Bitcoin holders.

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Mezo’s Unique Propositions

What sets Mezo apart in a crowded Bitcoin L2 market is its deep-rooted understanding and integration with the Bitcoin ethos and culture.

• The team behind Mezo comprises seasoned Bitcoin developers and thought leaders who have been ardent supporters of Bitcoin’s growth.
• Key figures in the Bitcoin ecosystem, including Udi Wertheimer of Taproot Wizards, have shown unwavering commitment to Mezo’s development, bolstering its credibility and trust within the community.

Mezo's distinctive "Proof of HODL" system encourages users to hold onto their Bitcoin, providing rewards in the form of HODL points based on deposits. Currently, around 12,000 Mezo HODLers have deposited approximately 2,320 BTC, valued at around $160 million.

The platform has issued over 1.2 billion HODL points to its top ten users, fostering a loyal and engaged user base. Participation in Mezo is by invite code only and capped at the first $200 million, with 80% of the allocation already filled.

Interested users can join the Mezo Discord server (https://discord.mezo.org/) and request an invite code to secure their spot.

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Future of BTC Mass Adoption

The strategic funding Mezo has secured is a testament to the platform's potential to revolutionize the Bitcoin scaling landscape.

• The backing from Ledger Cathay Capital and other notable investors not only provides financial resources but also strategic partnerships that are crucial for long-term success.
• Integrating Mezo into Ledger’s product suite will undoubtedly enhance its reach and adoption, positioning it as a cornerstone of Bitcoin’s evolving financial infrastructure.
• Mezo is poised to lead the charge in the development of innovative BitcoinFi applications, transforming the way Bitcoin operates on a fundamental level.
• With its strong team, strategic partnerships, and innovative technology, Mezo has the potential to become the go-to platform for Bitcoin scaling solutions.

As the crypto industry continues to evolve, Mezo’s contributions will be instrumental in shaping the future of Bitcoin's economic layer, making it an exciting entity to watch in the coming years.

➡️ For even more exclusive BTC ecosystem investments and seed investment opportunities across key narratives like AI, DePIN, Gaming, and RWA, join the vVv Discord to learn more. ⬅️

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