🐰a16z Crypto Invests $15M in Babylon
: a16z Crypto Invests $15M in Babylon Labs
: Babylon is the development team behind the world's first Trustless BTC Staking Protocol
: This investment will be used to develop and expand the next-generation protocol, BTCVaults
📔What is BTCVaults?
- No custodian, no bridge, no wrapping
- Native BTC is used as collateral
- Bitcoin remains on the BTC chain, with users retaining key control
- The goal is to make Bitcoin a global on-chain collateral asset
➡️$BABY Token Information
- The introduction of BTCVaults will grant real utility to $BABY
- Increased demand for BTC usage is expected to lead to a potential increase in value $BABY
✍️Comment
With the a16z investment, there's a possibility of institutional inflows, and the BTCFi sector is still undervalued?
By 2026, Babylon is poised to become a key infrastructure hub, a possibility worth paying attention to.
Source
#Babylon #AD
