Bitcoin News Today: Midl Secures $2.4M Seed Investment to Build Native Bitcoin DApp Infrastructure

Midl, a platform aimed at introducing smart contracts to the Bitcoin network and enabling native decentralized applications (dApps), has raised a $2.4 million seed investment from Draper Associates and Draper Dragon. This funding marks a key development in Bitcoin’s growing financial ecosystem, particularly for BTCFi—a new wave of Bitcoin-native decentralized finance [1].

The round was led by Draper Associates, a venture capital firm founded by Tim Draper with a history of backing industry-defining companies like Coinbase, Robinhood, and Ledger. Draper Dragon, a cross-border venture fund focused on blockchain innovation, also participated. This institutional backing underscores increasing confidence in Bitcoin’s potential as a platform for advanced financial services and native decentralized infrastructure [1].

Unlike alternative solutions that rely on sidechains, bridges, or Layer 2 protocols, Midl introduces a native execution environment for Bitcoin. This allows dApps to run directly on the network, enabling seamless integration of native token standards and broadening the utility of Bitcoin beyond its traditional roles as a store of value or medium of exchange [1].

The platform is currently in its testnet phase, with several early DeFi protocols already live. Over 20 projects are in various stages of deployment, and the firm plans to launch its mainnet soon. Alongside technical development, Midl is also launching initiatives aimed at driving real-world adoption and liquidity within the Bitcoin ecosystem [1].

The seed funding will be used to enhance scalability, interoperability, and developer accessibility on the Bitcoin blockchain. The platform’s co-founder, Iva Wisher, emphasized that Midl enables a level of programmability on Bitcoin that has never been achieved before, offering a foundation for real apps, economies, and services across trading, DeFi, gaming, and governance [1].

This development aligns with a broader trend of institutional capital flowing into Bitcoin-related projects, particularly those focused on infrastructure and protocol-level innovation. Analysts suggest that such efforts could foster greater innovation in the BTCFi space and attract more developers and investors to the Bitcoin network [1].

As Bitcoin continues to evolve, initiatives like Midl’s could play a crucial role in expanding the scope of decentralized finance and digital asset innovation. The investment reflects a strategic shift in how the industry views Bitcoin—not just as a digital asset, but as a foundational layer for the next generation of financial infrastructure.

Source:

[1] Bitcoin.com - [https://news.bitcoin.com/midl-secures-2-4m-seed-investment-from-draper-associates-and-draper-dragon-to-pioneer-native-dapp-infrastructure-on-bitcoin/](https://news.bitcoin.com/midl-secures-2-4m-seed-investment-from-draper-associates-and-draper-dragon-to-pioneer-native-dapp-infrastructure-on-bitcoin/)