According to official information, the modular blockchain network Hemi mainnet has been officially launched.
ChainCatcher previously reported that the modular blockchain developer Hemi Labs has completed a $15 million financing round, led by Binance Labs, Breyer Capital and Big Brain Holdings, with participation from Crypto.com, HyperChain Capital, Alchemy, SALT Fund, Kelly Capital, Sunflower Capital, DNA Fund, Web3 Ventures, Quantstamp, TRGC, UTXO, Artichoke Capital, SNZ Holding, Capital6, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Wu Jihan (BitDeer) and George Burke (Portal).
According to the Web3 asset data platform RootData, Hemi Network is a modular Layer 2 network that can facilitate Ethereum smart contract functionality protected by the Bitcoin network. The chain introduces the Hemi Virtual Machine (hVM), which integrates a full Bitcoin node into the Ethereum Virtual Machine (EVM) - the core smart contract engine of Ethereum. The hVM allows developers to create smart contracts that interact with the Bitcoin state, unlocking Bitcoin-based DeFi applications, including staking, lending markets and a decentralized MEV market.
