Citrea raises $2.7M in seed funding to launch Bitcoin ZK-rollup

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Chainway Labs’ ZK-rollup project Citrea secured initial funding to bring the solution to market, which could allow for NFTs and blockchain games on Bitcoin.

Citrea, a project aiming to bring zero-knowledge (ZK) rollups to Bitcoin, has closed a $2.7 million seed round led by Galaxy Ventures, the venture arm of Galaxy Digital.

The project said in a Feb. 2 blog post that the funding would enable Chainway Labs, the blockchain infrastructure firm building Citrea, to bring it to market.

“Citrea is the first rollup that enhances the capabilities of Bitcoin blockspace with zero-knowledge technology, making it possible to build everything on Bitcoin,” the firm said in a statement.

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