Bitfinity Raises $7M to Bridge Bitcoin and Ethereum, Enabling DeFi on Bitcoin
• Bitfinity raised $7M to build an Ethereum Virtual Machine integrated with Bitcoin using Internet Computer's sidechain technology
• Goal is to enable DeFi services with Bitcoin through threshold signature scheme Chain-Key
• Bitfinity sees potential to enhance Bitcoin utility through EVM while staying true to Bitcoin ethos
• Platform aims to provide lower costs and faster speeds for Ordinal inscriptions and BRC-20 tokens
• Founder believes Bitcoin and Ethereum communities can come together to expand capabilities