Bitlight Labs, the infrastructure provider for the RGB protocol, has completed its seed round financing with joint leading investments from Gate Ventures and HV Capital.

BlockBeats News, on February 2nd, RGB protocol infrastructure Bitlight Labs completed its seed round financing, dedicated to promoting the development of the Lightning Network ecosystem. This round of financing was jointly led by well-known investment institutions Gate Ventures and HV Capital, with participation from MH Ventures, Fundamental Labs, Oak Grove Ventures, Waterdrip Capital, and other institutions. Bitlight Labs has launched multiple product lines, with its core application Bitlight Wallet being the first non-custodial Lightning Network asset wallet in the RGB ecosystem, which will be compatible with RGB assets and the Bitcoin Lightning Network, and will build the RGB-LN ecosystem. It has now entered the Alpha Test phase and is expected to be launched on the Bitcoin mainnet and Lightning Network in a few weeks. Bitlight Labs will issue $BIT tokens based on the RGB20 standard, covering the entire Bitlight application ecosystem, to promote a sustainable token economy. By introducing tokens, Bitlight Labs will use RGB smart contracts to build a Turing-complete native Bitcoin asset issuance and decentralized finance (DeFi) system, to promote the development of the Bitcoin Lightning Network ecosystem. It is reported that the $BIT token Season 1 Airdrop is about to begin.