Trust Machines- launched by Muneeb Ali, Stacks founder and Professor JP Singh of Princeton University- has acquired $150 million to develop Bitcoin from only being a static value to being the ultimate resolution layer for a new processing podium. This establishment will also allow and develop the new economy of applications supported by Bitcoin (BTC) and settling on the new Bitcoin blockchain.
Stacks founder, Muneeb Ali, took to Twitter to announce the launch of a new platform that creates and promotes decentralized applications of different forms on Bitcoin (BTC).
According to his tweets, Ali said that with the advancements of Stacks, the vigorous potential of smart contracts for Bitcoin has come to light. He added,
“Along with JP Singh, a Princeton CS Professor, I’ve started Trust Machines to unlock the next chapter of Bitcoin apps. Building upon the success of Stacks, Trust Machines will build the apps and underlying tech to unleash the true potential of Bitcoin as a settlement layer.”
According to the Twitter thread, investors of Trust Machines, do not doubt the thesis that Bitcoin is not just a static value, it can be used as the ultimate settlement layer and platform for Web3 applications. A few of the primitive financiers include Breyer Capital, DCG, GoldenTree, Hivemind, USV.
Trust Machines opens its doors for new employment
With the new launch of this protocol, Ali has announced that there is hope for more employment as there are more than 15 job openings which also include Bitcoin core developers.
Bitcoin (BTC) is still predominantly viewed as a primitively analytical investment, whilst developments in decentralized finance (DeFi), non-fungible tokens (NFTs) trading, and the management of decentralized online communities through DAOs take place on aggressive blockchains like Ethereum (ETH).
With Bitcoin (BTC) being the world’s largest and most sought-after token, it would be a ground-breaking development if its blockchain turns into a moderator to most of the front-line features of the crypto-world. At the time of writing, Bitcoin (BTC) was priced at $37,980.79 and had risen by 4.19% over the last 24 hours.