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Hemi Labs focused on ‘marrying the king and queen of crypto’

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cryptowiki.ru

Hemi Labs, the brainchild of former Bitcoin core developer Jeff Garzik, has secured $15 million in a funding round led by Binance Labs, Breyer Capital and Big Brain Holdings to develop its new blockchain network, Hemi.

The network is designed to integrate Bitcoin and Ethereum into a single, modular system. The investment will support Hemi’s development ahead of its planned mainnet launch in late 2024.

The project’s incentivized testnet is already live. Garzik is skeptical of most of the projects calling themselves layer-2’s whether on Ethereum or Bitcoin.

He prefers an approach that tries to “unify the experience across both chains.” “What comes next after Bitcoin L2s? A next generation network marrying the king and queen of crypto, Bitcoin and Ethereum,” Garzik told Blockworks.

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