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Arch Labs Secures $13M to Supercharge Bitcoin Smart Contracts—Because Ethereum Wasn’t Expensive Enough
Arch Labs Secures $13M to Supercharge Bitcoin Smart Contracts—Because Ethereum Wasn’t Expensive Enough
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Another day, another blockchain startup cashing in on Bitcoin’s legacy while promising to ’fix’ its limitations. Arch Labs just banked $13 million in fresh funding to push Bitcoin-based smart contracts—because apparently, building on Ethereum’s established ecosystem wasn’t speculative enough for VCs. The pitch? Taproot-powered contracts that could (theoretically) dodge Ethereum’s gas fees. But let’s be real: if past crypto cycles taught us anything, it’s that ’Bitcoin DeFi’ is less about utility and more about recycling narratives to lure fresh capital. Will this actually onboard new users, or just fuel another round of ’number go up’ hopium? Place your bets.
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