- Thesis launches the Bitcoin Economic layer, Mezo, guaranteeing know-how serves the broader financial ambitions of bitcoin holders
- Mezo closes $21M fundraising led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates, Primitive Ventures, Uneven Ventures and Dan Held, DCF God, amongst others – following a $4M increase led by ParaFi Capital & Nascent in January to assist Thesis’ growth of Mezo
NEW YORK, April 9, 2024 /PRNewswire/ — Thesis, a enterprise studio funding and constructing manufacturers on Bitcoin, immediately introduced the launch of Bitcoin Economic Layer, Mezo, from stealth and in addition disclosed the closing of a $21M fundraising led by Pantera Capital. Mezo is a permissionless Bitcoin Economic Layer leveraging a impartial sensible contract infrastructure to supply a extra numerous vary of user-centric purposes.
Mezo is designed to amplify Bitcoin‘s infrastructure, offering low-cost and quick transactions, with out deviating from the Bitcoin community’s foundational ideas. The distinction between Mezo’s Bitcoin Economic Layer and different “Bitcoin Layer 2″ options is that Mezo permits customers to entry actual purposes that use Bitcoin for all the things, enabling a thriving round financial system. Mezo will go reside with ecosystem assist from Thesis-built tBTC, which permits for trust-minimized bitcoin bridging to quite a few ecosystems.
Thesis additionally disclosed that their imaginative and prescient for Mezo as Bitcoin‘s Economic Layer has garnered fundraising assist from prime VC corporations together with Pantera Capital, Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, Uneven Ventures and Dan Held, DCF God – amongst others.
Matt Luongo, CEO of Thesis & Founding father of Mezo, commented on immediately’s information: “Bitcoin could be greater than financial savings know-how — it may be used to wildly enhance our world. Our purpose with Mezo is to increase the Bitcoin community to carry 25% of the world’s financial system on-chain — roughly in line with the scale of the US financial system immediately. Mezo means you may HODL your BTC with function, powering the Bitcoin financial system, changing very important on-line infrastructure, and unlocking the complete potential of your BTC.”
By leveraging Proof of HODL, Mezo takes HODLers once-passive bitcoin holdings and places them to work. The longer their bitcoin deposits are locked up, the larger their HODL Rating multipliers. For the participant’s position in securing the community, Mezo offers yield—giving Bitcoiners one thing for doing what they’d have performed anyway: HODL Bitcoin.
The Proof of HODL factors program is designed to go additional than merely activating bitcoin—it is the important thing to constructing a group, a private inside circle of fellow Bitcoin HODLers that perceive the worth of long-term conviction. When customers be a part of Mezo, they’ll obtain 5 one-time invites to share with buddies to allow them to start incomes in tandem. Reciprocal earnings gained from inviting buddies to HODL will likely be primarily based on the period and measurement of their bitcoin deposits.
“I am thrilled to assist the Thesis group in bringing Mezo to life as Bitcoin‘s new financial layer,” stated Dan Morehead, Founder and Managing Associate of Pantera Capital. “The Bitcoin group has been nice at holding their Bitcoin for a very long time, however they’re additionally able to put their property to work. This appears like a breakthrough second for Bitcoin as a know-how, not simply an asset. We’re excited to see new Bitcoin purposes that develop into attainable with Mezo as its financial layer.”
Thesis is well-known for constructing profitable Bitcoin manufacturers for over a decade and has secured this fundraise to create a user-first dwelling for Bitcoin holders. Mezo will allow holders to domesticate Bitcoin in a manner that does not sacrifice the foundational ideas, like safety, dedication to open-source growth, and a BTC-first HODL mentality.
Investor Quotes:
Anjan Vinod, Principal at ParaFi Capital, commented: “As long-time companions of Thesis, we’re thrilled to see the revealing of Mezo, a cutting-edge Bitcoin Layer 2 answer. Mezo not solely demonstrates Thesis’s dedication to innovation but additionally highlights the immense potential of tBTC in making Bitcoin a productive asset.”
Kyle Samani, Managing Associate at Multicoin Capital, commented: “We imagine within the Mezo group’s imaginative and prescient of making an financial layer for Bitcoin that can make it greater than only a retailer of worth. Mezo’s expansive imaginative and prescient for placing Bitcoin to work alongside Thesis’s confirmed availability to develop profitable Bitcoin-focused tasks and types is what’s wanted to carry financial exercise on-chain.”
About Pantera Capital:
Pantera Capital is the primary institutional funding agency targeted solely on bitcoin, different digital currencies, and corporations within the blockchain tech ecosystem. Pantera launched the primary cryptocurrency fund in the US when bitcoin was at $65/BTC in 2013. The agency subsequently launched the primary exclusively-blockchain enterprise fund. In 2017, Pantera was the primary agency to supply an early-stage token fund. Pantera Bitcoin Fund has returned over 94,070% in ten years and has returned billions to its buyers. Pantera manages $5.6bn throughout three methods – passive, hedge, and enterprise.
About Mezo:
The market has been dominated by technology-first approaches that always overlook the financial wants of customers. Because the world’s first Bitcoin Economic Layer, Mezo introduces a pivotal shift, designed to amplify Bitcoin‘s infrastructure whereas adhering to its foundational ideas to serve its holders. Mezo is Bitcoin native, facilitating low-cost and quick transactions for a wide range of related use instances. This not solely enhances the community’s resilience but additionally ensures it serves the broader financial ambitions of Bitcoin holders. Mezo is the place the place we are able to unlock the complete potential of Bitcoin.
That is your invitation to create your individual financial system.
About Thesis:
Thesis is a enterprise manufacturing studio, funding and constructing manufacturers on Bitcoin. Thesis has supported a number of profitable manufacturers together with the launch of Mezo — a brand new main Bitcoin L2 — in addition to Acre, tBTC, Fold, amongst others. Thesis has additionally garnered investments from main Enterprise Capital corporations together with a16z, Polychain Capital, ParaFi, Fenbushi and extra.
To study extra, please go to: www.thesis.co
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SOURCE Thesis