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@tjo
Plasma Network has raised $3.5 million in its latest funding round, led by Bitfinex and supported by investor Christian Angermayer and several venture capital firms such as Split Capital, Anthos Capital, Karatage, and Manifold Trading. Bitfinex CTO and Tether CEO Paolo Ardoino also supports this project behind the scenes. The Plasma network is an EVM compatible blockchain capable of running any Ethereum compatible smart contract, with the goal of extending USDT's payment functionality on Bitcoin through a zero fee payment channel. Plasma is considering expanding into the Cosmos ecosystem in the future, but currently focuses on the EVM side and hopes to enhance the payment and DeFi capabilities of the Bitcoin network through this innovation. @seogyeol
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