Overview

• The financing lifts total backing to $30 million, with YZi Labs leading and investors including Republic Digital, HyperChain Capital, Breyer Capital, Big Brain Holdings and Crypto.com.
• Hemi says the proceeds will accelerate infrastructure scaling and ecosystem growth in the run-up to its token generation event.
• The network reports roughly $1.2 billion in total value locked, more than 100,000 verified users and 70-plus integrations with partners such as Sushi, LayerZero, MetaMask and Redstone.
• Hemi outlined a 10 billion HEMI supply with 32% for community and ecosystem, 28% for investors and strategic partners, 25% for team and contributors and 15% for the foundation, with roles in fees, security aggregation and veHEMI governance.
• Its Hemi Virtual Machine embeds a Bitcoin node inside an Ethereum-style execution environment, an approach advanced by founders Jeff Garzik and Maxwell Sanchez after a March mainnet debut that launched with $440 million committed.