Bitcoin ecological composability DID protocol BRC-137 announced the completion of a US$2.5 million seed round of financing. This round of financing was led by Basics Capital, DFG, Gate Labs, JSquare and other institutions. The funds will be used to accelerate the development and improvement of the protocol and ecological growth to realize the native social universe of the Bitcoin ecosystem.
According to the BRC-137 white paper, BRC-137 aims to build a rich DID ecosystem while improving asset liquidity by introducing combinable prefixes and suffixes. In addition, the protocol also introduces a royalty mechanism to promote the development and innovation of social models on the chain.