Nexio Raises $2.2M in Pre-Seed, Launches Parallelized Bitcoin Rollup
Nexio, a pioneering Bitcoin scaling solution leveraging parallelized rollup technology, announced that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology, aiming to revolutionize Bitcoin’s scalability and usability. Concurrent with the pre-seed funding, Nexio is launching its parallelized Bitcoin rollup powered by the MoveVM, which supports over 30,000 transactions per second with gas fees maintained below $0.01. This technology...