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New $20M Stacks Core Dev Entity Called Bitcoin L2 Labs Announced

The Stacks ecosystem welcomes a new stacks entity with $20m in funding focusing on core development.

As Stacks Core Engineers focus on boosting throughput for Bitcoin's leading L2 post-Nakamoto upgrade, a new initiative, Bitcoin L2 Labs, emerges with a mission to onboard more Core Developers. At the same time, the Stacks developer community gears up to build the next DeFi powerhouse app at Harvard University. Let’s dive in!

🍿 Stacks Snacks

  • Head of Product Andre Serrano announces Bitcoin L2 Labs to advance core development for the leading Bitcoin L2 Stacks.

  • Muneeb shares excitement regarding $20M new Stacks entity Bitcoin L2 Labs.

  • EasyA introduces the speakers of the upcoming EasyA Stacks Harvard Hack, starting this weekend.

  • Stacks Asia Foundation celebrates its latest partnership with Hex Trust.

  • Velar amplifies continuation of boosted VELAR rewards for several pools.

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Stacks is a Bitcoin layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Stacks exists to unlock Bitcoin’s full potential as the largest, most valuable, durable, decentralized asset. Learn more here.