"Babylon Raises $70 Million for Developing Bitcoin-Secured Decentralized World"

Babylon's Funding and Development Expansion

Key Highlights:

• Funding Round: Raised $70 million in funding led by Paradigm, with participation from Bullish Capital, Polychain Capital, and other investors.
• Company Mission: Babylon aims to build a decentralized world secured by Bitcoin.
• Development Efforts: Funds will be used to expand Babylon's development efforts in designing security sharing protocols for the decentralized world.

Babylon's Target Market

• Blockchain and Decentralized Technology: Companies and organizations interested in leveraging blockchain technology and decentralized systems for enhanced security and trust.
• Proof-of-Stake Systems: PoS chains, L2s, Data Availability (DA) layers, oracles, and other PoS systems seeking to acquire staking capital from Bitcoin.
• Bitcoin Ecosystem Participants: Individuals and entities involved in the Bitcoin ecosystem looking to unlock value and enhance crypto-economic security.

What Babylon Needs to Buy

• Blockchain Development Expertise: Collaborating with blockchain developers and experts to enhance and expand Babylon's security sharing protocols.
• Partnerships in the Crypto Industry: Engaging with cryptocurrency exchanges, platforms, and service providers to integrate Babylon's protocols and expand their reach.
• Research and Innovation: Investing in research and innovation to further advance Babylon's mission of building a Bitcoin-secured decentralized world.