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Corn - Strategic
Overview
Funding Date
November 13, 2024
Financing amount
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Valuation
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Category
Subcategory
About Corn - Strategic
OKX Ventures, the investment arm of the global onchain technology company OKX, today announced its investment in Corn, marking a significant step toward introducing Bitcoin utility in the Ethereum ecosystem. Powered by Arbitrum and integrated with Coinbase, Corn enables BTC holders to easily access the best of Ethereum DeFi. With a unique, secure and sustainable way to maximize Bitcoin's potential, Corn has already reached significant milestones as it's the first Ethereum L2 network that uses a hybrid tokenized Bitcoin (BTCN) as its gas token, and the first Bitcoin-secured network by Babylon with liquidity support for BTC LSTs.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Hong Kong | 2017 | 144 | [email protected] |
Founders & Team
Chris Spadafora
Zak Cole
Company Profile / Project Introduction
Corn, a new Ethereum layer-2 (L2) network that uses a tokenized version of Bitcoin for gas fees and economic incentives on the network, tickered BTCN. Corn launched on Aug. 19 with the goal of enhancing the utility of the world's first cryptocurrency and introducing new yield-generating opportunities.