2024-08-09 17:28:03
HTX Ventures, the global investment arm of cryptocurrency exchange HTX, announced a strategic investment in Nexio. Nexio is an innovative Bitcoin scaling solution that uses parallel ZK Rollup and MoveVM.
Nexio’s parallel Bitcoin aggregation is built on MoveVM and supports over 30,000 transactions per second. Gas cost is less than $0.01, making it ideal for high frequency applications. The technology solves key challenges in the Bitcoin ecosystem, such as slow transaction processing, high gas fees, and insufficient tooling that hinder widespread adoption.
Nexio recently raised $2.2 million in pre-seed funding led by Lattice Fund, with participation from HTX Ventures. Designed to revolutionize Bitcoin’s scalability and usability, the funding will allow Nexio to accelerate the development and adoption of its parallel Bitcoin aggregation technology. Nexio sets new standards in blockchain technology and is led by co-founders with experience developing the Bitcoin zkVM rollup.
Nexio’s technology combines zk-Rollup, a multi-party computation (MPC) threshold signing scheme and a fractal interpreter to set new standards in speed, security and interoperability. By using MPC threshold signatures, Nexio eliminates single points of failure and provides robust, decentralized transaction verification that is more secure than traditional multi-signature methods.
“Nexio’s innovative Bitcoin scaling solution is designed to enhance the functionality of Bitcoin and bridge the gap between different blockchain ecosystems. It seamlessly integrates applications and liquidity from Move, Cosmos and all EVM-compliant ecosystems Into Bitcoin. Infrastructure with high TPS rates.”
Nexio co-founder Charlie Gordon said: “Nexio’s vision is to unlock the full potential of Bitcoin by providing scalable, secure and cost-effective infrastructure.” In partnership with Movement Labs, Nexio has created a framework to The framework enables horizontal interoperability. move.
Over the next 6 to 12 months, Nexio aims to achieve several key milestones, including the launch of a permissionless testnet and subsequent mainnet solution. These developments are important steps toward revolutionizing the Bitcoin ecosystem by improving scalability, security, and interoperability.
Information about Nexio
Nexio revolutionizes Bitcoin scalability through parallel Bitcoin aggregation. The team offers a range of products and services that help developers harness the power of Bitcoin to implement complex DeFi applications, gaming platforms, NFT markets and infrastructure projects without compromising security or efficiency. Nexio technology supports over 30,000 transactions per second at extremely low gas costs, making it ideal for high-frequency applications. Led by co-founders with years of experience developing zkVM rollups for Bitcoin, Nexio is setting a new standard for blockchain technology.
For more information, follow Nexio on X @buildnexio above Disharmonious.
Information about HTX Ventures
HTX Ventures is the global investment arm of HTX, integrating investment, incubation and research, aiming to find the best and brightest teams in the world. With over a decade of history as an industry pioneer, HTX Ventures specializes in identifying cutting-edge technologies and emerging business models in the industry. To promote the development of the blockchain ecosystem, we provide comprehensive support for projects, including funding, resources and strategic advice.
HTX Ventures currently supports more than 300 projects in various blockchain fields. Selected high-quality projects are already traded on the HTX exchange. In addition, as one of the most active FOF (Fund of Funds), HTX Ventures has invested in 30 of the world’s top funds and cooperated with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca and Hack VC , jointly build a blockchain ecosystem. visit us here.
For investment and cooperation, please contact us: VC@htx-inc.com.
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