fiamma

ChainCatcher news, according to Cointelegraph, Bitcoin and ZK infrastructure company Fiamma has completed a $4 million seed round financing, led by Lightspeed Faction and L2IV, with participation from Astera Ventures, Contribution Capital, Sats Ventures, Chapter One, and FoundersHead. The investment also includes participation from major strategic investors in the Bitcoin infrastructure space, such as BOB (Build on Bitcoin), as well as various angel investors including the founders of Satlayer and Daedalus. The company plans to use this investment to expand Fiamma's business, accelerate product development, and drive the adoption of its underlying technology.Fiamma is described as a Bitcoin and ZK infrastructure company dedicated to transforming Bitcoin into a dynamically programmable asset. It is unlocking real use cases for Bitcoin, turning it into a dynamic asset and the foundation for decentralized internet and financial systems. Fiamma's products include the Bitcoin bridge Fiamma Bridge and the Bitcoin ZK verification layer Fiamma Layer powered by BitVM2.

ChainCatcher news, based on BitVM2's on-chain ZKP verification infrastructure and the Babylon ecosystem project Fiamma has been invited to join the BitVM Alliance organized by Robin Linus, the founder and core developer of BitVM.The alliance was internally established a month ago, with members including Fiamma, Zerosync, Element Labs, Citrea, and Strata (incubated by Alpen Labs), a total of five teams, all of which are core contributors to the BitVM code. The primary goal of the alliance is to develop the first BitVM bridge by the end of the year.