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Midl, an infrastructure enabling smart contracts on Bitcoin, has secured $2.4 million in seed funding led by Draper Associates and Draper Dragon. This investment highlights growing institutional interest in Bitcoin-native decentralized finance (BTCFi). The platform allows developers to build dApps directly on Bitcoin, unlocking its $2 trillion liquidity potential.
- Midl enables native smart contracts on Bitcoin, allowing dApps to run directly on the network without relying on sidechains or Layer 2 solutions.
- The $2.4M seed round was led by Draper Associates and Draper Dragon, known for backing crypto pioneers like Coinbase and Ledger.
- Midl is currently in testnet with over 20 projects in development, aiming to unlock Bitcoin's $2 trillion liquidity for DeFi, gaming, and governance.
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