Alpen Labs raises $8.5M to develop Strata, a Bitcoin ZK Rollup platform. Strata offers scalable self-custody, private payments, and interoperability.
Alpen Labs Strategic Funding Drives Strata Development
Alpen Labs, a bitcoin infrastructure innovator, has raised $8.5 million in strategic financing to accelerate the development of its Bitcoin ZK Rollup platform, Strata. The funding round was led by Cyber Fund and DBA, with significant contributions from previous investors Ribbit Capital, Castle Island Ventures, and Geometry.
The financing aims to propel Strata toward its 2025 mainnet launch. Designed as an open platform, Strata promises to revolutionize bitcoin adoption by offering scalable self-custody, privacy-focused payments, interoperability, stablecoins, and bitcoin-backed lending, among other features.
Open Platform for Bitcoin Innovation
Set to debut its testnet in February, Strata will provide developers early access through its devnet. Alpen Labs envisions Strata as a pivotal step in simplifying bitcoin use cases, enhancing user accessibility, and fostering broader adoption.
We are thrilled to have collaborators across the industry participating in this round to support the development and launch of Strata, Alpen Labs stated.
The company highlighted the potential of combining zero-knowledge proofs with bitcoin’s financial infrastructure to create innovative solutions.
Industry Collaboration and Vision
This funding round reflects growing industry confidence in Strata’s potential to redefine bitcoin utility. By emphasizing user-friendly, on-chain applications, Alpen Labs aims to bridge the gap between advanced blockchain technologies and everyday bitcoin users.
What’s Next?
Strata’s public testnet launch in February will allow the community to explore its features and provide valuable feedback. Developers eager to dive deeper can gain early access through the devnet, positioning themselves at the forefront of this innovative platform.
Stay updated on Strata’s progress and be among the first to explore its features by visiting Alpen Labs’ official website.
