Mezo Launches Bitcoin Layer 2 Network with $21M Funding Led by Pantera Capital

The innovative network aims to transform Bitcoin holdings into productive assets, enabling users to earn yield on their stored tokens.

Venture studio Thesis unveiled Mezo, a Bitcoin layer-2 network, following a successful $21 million Series A funding round led by Pantera Capital.
Mezo distinguishes itself by allowing Bitcoin holders to earn yield through a 'Proof of HODL' mechanism, promoting a circular Bitcoin economy.
The network supports deposits in BTC, TBTC, and WBTC, with over $26 million already locked, demonstrating significant early user engagement.
Mezo aims to extend the Bitcoin network to potentially bring 25% of the world's economy on-chain, leveraging a neutral smart contract infrastructure.
The launch marks a significant step towards enhancing the Bitcoin infrastructure, offering cheaper and faster transactions without compromising the network's foundational principles.