Binance Labs Invests in Hemi Labs to Advance Modular Blockchain Scalability and Interoperability.
Binance Labs has invested in Hemi Labs, the creator of the Hemi Network (Hemi), a pioneering Layer 2 blockchain network integrating Bitcoin and Ethereum for enhanced security and programmability.
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Hemi is a Modular Blockchain network designed for superior scalability, security, and interoperability, uniting Bitcoin and Ethereum as components of a supernetwork.
Combining the security and strong capital base of Bitcoin with the flexibility and programmability of Ethereum, Hemi is addressing an underserved intersection of Web3, opening up new avenues for builders and investors.
Binance Labs’ investment will be used to fuel Hemi’s growth by advancing decentralized applications, improving Bitcoin interoperability with the Hemi Virtual Machine (hVM), and refining secure asset transfers between Bitcoin and Ethereum. It will also expand Hemi’s decentralized arrangers and Proof-of-Proof (PoP) consensus for faster, more secure blockchain payments.
The company expects to release major updates over the next 12 months, including new use cases, secure data anchors for AI, and decentralized finance (DeFi) applications, all powered by Bitcoin and Ethereum.
“We look forward to supporting Hemi Labs as they work on critical infrastructure that connects Bitcoin and Ethereum in a modular and scalable way. Hemi’s approach aligns with our commitment to supporting strong founders of projects focused on building practical, decentralized solutions with long-term potential,” said Alex Odagiu, Chief Investment Officer at Binance Labs.
Learn More
Website: hemifinance.com
GitHub: github.com/HemiLabs
Referral Program: https://points.absinthe.network/hemi/start
Discord: discord.gg/hemixyz
Twitter/X: x.com/hemi_xyz
