Binance Labs, the venture capital and incubator arm of cryptocurrency exchange Binance, has invested in Hemi Labs, the creator of the Hemi Network. Hemi is a Layer-2 blockchain network that integrates Bitcoin and Ethereum to enhance security and programmability. The investment highlights Binance Labs' commitment to supporting projects that leverage decentralized technologies to push the boundaries of blockchain innovation. The funding will accelerate Hemi's growth by advancing decentralized applications, improving Bitcoin interoperability with the Hemi Virtual Machine, and refining secure asset transfers between Bitcoin and Ethereum. Hemi plans to release major updates in the next 12 months, including new use cases for their cross-chain tunneling system, secure data anchoring for AI, and decentralized finance applications. Binance Labs' investment and global network will support Hemi in creating a more unified and efficient blockchain ecosystem.



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