Lite Strategy leads $1 million investment in LitVM to build Litecoin Layer 2 network

Lite Strategy leads $1 million investment in LitVM to build Litecoin Layer 2 network According to an announcement by ZK Innovations, NASDAQ-listed company Lite Strategy has led a $1 million strategic funding round for LitVM. LitVM is building a zero-knowledge proof-based Layer 2 network for Litecoin, aiming to introduce smart contracts, decentralized finance, real-world asset tokenization, and cross-chain liquidity functions. Lite Strategy will obtain governance participation rights and a portion of LitVM’s future network tokens. Charlie Lee, a board member of Lite Strategy, stated that the programmable layer is expected to enable more innovative applications while maintaining the security and decentralization of Litecoin.Disclaimer: The content of this article solely reflects the author’s opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.Understand the market, then trade.Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.Trade now！



Source link