Mash, a startup that uses Lightning networks, announced a $6 million seed funding. In addition to its go-to market strategy, Mash continues to focus on expanding its team in different areas such as marketing, engineering, and sales.
According to the official blog, Castle Island Ventures was the co-leader of the round, as well as Whitecap Venture Partners and Whitecap Venture Partners. Other participants included Maple VC and Strategic Cyber Ventures, Aquanow Ventures, Spacecadet Ventures, and Aquanow Ventures. Many angel investors, including Amjad Masad and Balaji Srinivasan as well as Austin Hill, John Pfeffer and Dean Skurka, participated in the round.
Jared Nusinoff (founder and CEO of Mash) stated that Bitcoin and LN provide the opportunity to transform the “fibre of all online experiences” by exploring new business models that reward or incentivize.
Nic Carter, General Partner of Castle Island Ventures and also the lead pre-seed investment for Mash, will be joining the startup’s board. The popular Bitcoin advocate stated in a statement that he will join the startup’s board of directors.
Online content monetization is a major problem today. Mash uses Bitcoin’s Lightning Network to solve this problem. It is scalable, data-efficient and high-granularity. We have increased our commitment to Mash, and we look forward to continuing the journey together.
Russell Samuels, Partner of Whitecap Venture Partners, will join Mash’s Board of Directors as a Board Observer.
Mash was founded in 2021 and recently released a beta version its first product. It allows creators as well as web apps to charge for access/usage. With a little code, you can also add a digital wallet to your consumer account. The company is currently onboarding partners.
Lightning Network’s Increasing Capacity
The Lightning Network has maintained an upward trend since its incorporation into the Bitcoin mainnet, in 2018. Its capacity was unaffected by the ongoing bear markets and reached an all-time high at over 3,949 BTC. According to data from Bitcoin Visuals, the layer 2 architecture continues to increase transaction speeds and reduce fees.
LN continues to grow despite a small disruption in April.
The integration of Strike, a digital payment platform, with Shopify is another sign of growing LN adoption. This allows US merchants to take advantage of Layer 2 scaling to make Bitcoin payments faster and more affordable. BitPay, a popular cryptocurrency payments provider, announced the addition of Bitcoin’s lightning network.
Marla Brooks – Financial Analysis
My name is Marla Brooks, and I am the mainstream behind the”observednews.com” for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.