Nubit is developing a Bitcoin-based data availability (DA) layer designed to provide secure, scalable DA for multi-chain ecosystems. Its DA layer is intended to support applications including AI, SocialFi, and GameFi. Nubit completed an $8M seed round led by Polychain Capital, bringing its total financing to $12M. Named participants in the round include Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, and Mask Network. The team plans to launch an alpha testnet in June and to bring the mainnet live later this year. The company is focused on building the DA infrastructure required for broader multi-chain application support. Nubit is developing a Bitcoin-native data availability layer designed to alter transaction processing on the Bitcoin network. Its development team has proposed BRC-1310, a Bitcoin-native data availability standard. BRC-1310 includes Bitcoin-native staking, data availability sampling technology, on-Bitcoin data proofs, and a decentralized bridge. The protocol is positioned to provide native data availability and cross-chain bridging directly on Bitcoin. Nubit recently completed a $3 million Pre-Seed financing round. The fundraise provides early capital as the team advances the BRC-1310 specification and related tooling.

Total raised

$11M

Funding rounds

2

Latest round

Seed

Latest activity

Jun 2024