Plasma raises $3.5 million in funding led by Bitfinex

Plasma Network has raised $3.5 million in funding, led by Bitfinex, with participation from Christian Angermayer and venture capital firms Split Capital, Anthos Capital, Karatage, and Manifold Trading. Paolo Ardoino, Chief Technology Officer of Bitfinex and CEO of Tether, also supports the project. The chain will be fully compatible with the Ethereum Virtual Machine, meaning it can run any Ethereum-compatible smart contract to provide a solution for expanding Bitcoin's functionality.

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