🚀 Zero knowledge rollup technology is coming for Bitcoin! Chainway Labs announced that they have created the first zero knowledge rollup for Bitcoin, which they call Citrea. While this technology has been associated with scaling Ethereum, it will now be applied to Bitcoin as well. 🎉

🔹 Chainway Labs completed a seed funding round led by Galaxy Ventures, raising $2.7 million.

🔹 Citrea aims to help Bitcoin better meet the use cases possible on DeFi, NFT, and other smart contract-based blockchains like Ethereum.

🔹 Citrea's zero-knowledge rollup will be based on the Ethereum virtual machine (EVM), so developers can port applications they create for Ethereum and other compatible networks.

🤔 Do you think Citrea will help Bitcoin play a bigger role in the DeFi and NFT space? Share your thoughts in the comments!