Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera

In its fundraising efforts, Thesis was joined by investors such as Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, Asymmetric Ventures, Dan Held, and DCF God. Mezo is described as a Bitcoin economic layer that operates under a “permissionless” system, utilizing neutral smart contract technology to offer various applications for users. This infrastructure aims to enhance the Bitcoin blockchain’s capabilities and facilitate cheaper, faster transactions. Users can access applications built on Bitcoin through Mezo, fostering a vibrant circular economy. The launch of Mezo will be backed by Thesis’ tBTC token, which enables the transfer of bitcoin into Ethereum‘s decentralized finance ecosystem. According to Matt Luongo, CEO of Thesis and founder of Mezo, the ultimate objective is to bring 25% of the global economy onto the Bitcoin network – equivalent in size to the U.S. economy at present. With Mezo, users can hold their bitcoin while generating income by contributing to the network’s security.