Stacks co-founder: A new entity Bitcoin L2 Labs has been established and has secured $20 million in funding

ChainCatcher news, Bitcoin Layer2 network Stacks co-founder Muneeb Ali posted on the X platform: "We have established a new Stacks entity 'Bitcoin L2 Labs', which has secured $20 million in funding, focusing on core development. Adriano DiLuzio (formerly a member of Algorand Labs) will serve as Chief Technology Officer and lead the development of Stacks core and SBTC."