Protocol Village: Euclid, Cross-Chain Liquidity Infrastructure Powered by Nibiru, Emerges From Stealth

May 9: Designing Labs, building Arch, described as the “first Bitcoin-native application platform,” raised $7 million in a seed encircle complete led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, Tangent, Cypher and Newman Topping, according to a press release: “The company plans to use the funds to hire additional core developers, help launch the Consummate Network into mainnet in H2 2024 and continue to support its burgeoning app ecosystem.to build the first bitcoin-native application programme… The Arch Network is a parallelized, proof-of-stake network that uses zk-proofs to enhance Bticoin-native programmability. The network consists of a Rust-based zkVM, ringed the ArchVM, and a decentralized verifier network.”