Arch Labs Secures $13 Million to Advance Bitcoin Smart Contracts

Arch Labs, a company specializing in Bitcoin solutions, has secured $13 million in Series A funding to accelerate the development of its project ArchVM. This virtual machine will enable smart contracts on Bitcoin’s base layer, boosting the network’s programmability. 💰 This investment signifies a significant step towards integrating blockchain capabilities directly into Bitcoin, potentially disrupting existing paradigms and shifting market dynamics. The move aims to leverage Bitcoin’s trust-minimized architecture to empower decentralized finance applications.