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It's been a while since we've seen new activity in the BTC Layer2 space. After the craze for inscriptions, the market's enthusiasm for infrastructure like "building chains for issuing tokens" has clearly waned.
At this critical juncture, the emergence of Mezo is quite timely. The $21 million Series A funding led by Pantera Capital has just been secured. The project targets the pain point of BTC assets being passively idle—designing protocol layer solutions to generate yields from these assets.
Recently, Mezo has been quite active, with several new collaborations announced that point towards expanding the ETH ecosystem, seemingly accelerating cross-chain deployment.