Midl Secures $2.4M Seed Investment to Pioneer Native Bitcoin Smart Contract Infrastructure (By Chainwire)

Midl, a groundbreaking infrastructure platform that enables smart contracts and decentralized applications on the Bitcoin network, has successfully closed a $2.4 million seed funding round. The investment positions the company to revolutionize Bitcoin's programmability and unlock its $2 trillion liquidity potential.

Major Venture Capital Firms Lead Investment Round

The seed round was spearheaded by Draper Associates, the prestigious venture capital firm founded by Tim Draper. Known for backing transformative companies including Coinbase, Robinhood, and Ledger, Draper Associates brings significant credibility to the Bitcoin infrastructure space.

Draper Dragon, a cross-border venture fund specializing in innovative blockchain solutions, also supported the round. The firm has previously invested in notable projects such as Kelp DAO and Ether.Fi, demonstrating their commitment to decentralized finance infrastructure.

Native Bitcoin Smart Contracts Without Sidechains

Unlike existing solutions that rely on sidechains, bridges, or Layer 2 networks, Midl introduces a native execution environment directly on the Bitcoin blockchain. This approach allows developers to build and deploy decentralized applications that run natively on Bitcoin without compromising security or decentralization.

The platform provides seamless support for Bitcoin-native token standards, making them immediately tradable and functional across various products and services. This capability addresses a significant gap in the Bitcoin ecosystem where native tokens previously lacked programmable functionality.

Testnet Success and Mainnet Launch Timeline

Midl is currently operating in its testnet phase, with several early decentralized finance protocols already live and functional. The company reports over 20 additional projects in various stages of deployment on the network, indicating strong developer interest and adoption.

The mainnet launch is expected shortly, with Midl simultaneously launching retail-facing initiatives to drive early adoption and seed liquidity within the Bitcoin ecosystem. These efforts focus on creating real usage and economic activity from day one of mainnet operation.

Founder Vision for Bitcoin Programmability

Iva Wisher, Founder of Midl, emphasized the transformative potential of making Bitcoin programmable. The platform enables native Bitcoin token standards to power real applications and economies across trading, decentralized finance, gaming, governance, and other use cases.

This vision aligns with the growing institutional interest in BTCFi, representing a new wave of Bitcoin-native decentralized finance that leverages the network's unparalleled security and liquidity.

Technical Innovation and Developer Experience

Midl improves both developer and user experience by enabling multiple EVM-like interactions within a single Bitcoin transaction. This approach enhances scalability and throughput while maintaining the security guarantees of the Bitcoin network.

The platform provides dedicated developer tooling, making it easier for teams to build sophisticated decentralized applications that were previously only possible on other blockchain networks like Ethereum.

Investment Firm Backgrounds

Draper Associates, founded in 1985, has maintained a forward-looking investment philosophy across multiple technology cycles. The firm's strong portfolio of cryptocurrency and blockchain investments includes early backing of industry leaders that have shaped the digital asset landscape.

Draper Dragon focuses specifically on early-stage Web3 and technology startups, investing in innovative blockchain projects that are shaping the future of decentralized finance and digital ecosystems.

Future of Bitcoin-Native DeFi

This funding milestone highlights the growing institutional recognition of Bitcoin's potential beyond digital gold. With Midl's infrastructure, developers can now access Bitcoin's massive liquidity pool while building sophisticated financial products and services natively on the network.

The platform represents a significant step toward Bitcoin's evolution as a comprehensive financial ecosystem, potentially unlocking new use cases and value creation opportunities within the world's largest cryptocurrency network.

About Midl Infrastructure Platform

Midl operates as an execution environment that brings smart contract functionality to Bitcoin, enabling a new generation of decentralized applications built on the world's most secure blockchain. The platform bridges the gap between Bitcoin's security and the programmability that developers need to create innovative financial products and services.

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