Hemi Labs, co-founded by Bitcoin developer Jeff Garzik, has raised $15 million for its modular blockchain network Hemi Network, led by Binance Labs, Breyer Capital and Big Brain Holdings, with participation from Crypto.com, Web3 Ventures, HyperChain Capital, Alchemy, SALT Fund, Kelly Investments, Sunflower Capital, DNA Fund, Gate Ventures, Quantstamp, TRGC, BTC INC, Artichoke Capital, Cypher Capital, SNZ Holding, C6E, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Jihan Wu, George Burke and Sonny Singh. According to CoinDesk, Hemi Network claims to combine the advantages of Bitcoin and Ethereum networks, with both Bitcoin's security and Ethereum's liquidity and programmability. Hemi Network's incentive testnet is now online, and plans to launch the mainnet in the fourth quarter.
