Recently, HTX Ventures, the global investment arm of Huobi HTX, announced a strategic investment in Nexio, an innovative MoveVM Bitcoin scaling solution that leverages parallelized ZK rollup technology.
Powered by MoveVM, Nexios parallelized Bitcoin rollup supports over 30,000 transactions per second while keeping gas fees below $0.01, making it ideal for high-frequency applications. This technology solves key issues in the Bitcoin ecosystem, including slow transaction speeds, high gas fees, and insufficient tooling, which have been hindering mass adoption.
Nexio recently completed a $2 million pre-seed financing led by Lattice Fund, with participation from HTX Ventures, aiming to revolutionize Bitcoins scalability and usability. The funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology. Led by co-founders with extensive experience in Bitcoin zkVM rollup development, Nexio is setting new standards for blockchain technology.
Nexios technology combines zk-Rollup, multi-party computation (MPC) threshold signature scheme and Fractal interpreter to set new benchmarks in speed, security and interoperability. By leveraging MPC threshold signature, Nexio prevents single point of failure and provides more secure decentralized transaction verification than traditional multi-signature methods.
“Bitcoin’s scaling solutions are designed to enhance Bitcoin’s functionality and bridge the gap between different blockchain ecosystems. Nexio seamlessly integrates applications and liquidity from Move, Cosmos, and any EVM-compatible ecosystem into Bitcoin,” said Alex Ehrlich, managing partner at HTX Ventures. “Nexio also offers extremely competitive low gas fees while providing high TPS infrastructure. HTX Ventures is very excited to support Nexio in ushering in a new era of innovation and adoption in the Bitcoin ecosystem, allowing sophisticated DeFi applications, gaming platforms, NFT marketplaces, and infrastructure projects to grow on top.”
Nexios vision is to unlock the full potential of Bitcoin by providing scalable, secure, and cost-effective infrastructure, said Charlie Gordon, co-founder of Nexio. In partnership with Movement Labs, Nexio has built a framework that combines the horizontal interoperability of the high-throughput modular Move virtual machine with the vertical composability. This integration enables developers to build with Aptos move, Sui move, and Solidity, ensuring robust cross-chain functionality and seamless movement of assets between platforms.
Nexio plans to achieve several key milestones in the next 6-12 months, including the launch of a permissionless testnet and subsequent mainnet solution. These developments will mark a major step forward in improving the scalability, security, and interoperability of the Bitcoin ecosystem.
About Nexio
Nexio is revolutionizing Bitcoin scalability by parallelizing Bitcoin rollups. The team is building a suite of products and services that enable developers to harness the power of Bitcoin for complex DeFi applications, gaming platforms, NFT marketplaces, and infrastructure projects without sacrificing security or efficiency. Nexios technology supports over 30,000 transactions per second with extremely low gas fees, making it ideal for high-frequency applications. Led by co-founders with extensive experience in Bitcoin zkVM rollup development, Nexio is setting a new standard for blockchain technology.
About HTX Ventures
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation and research to identify the best and brightest teams in the world. As an industry pioneer, HTX Ventures has more than 11 years of experience in blockchain construction and excels in identifying cutting-edge technologies and emerging business models in the field. In order to drive growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources and strategic advice.
HTX Ventures currently supports more than 300 projects covering multiple blockchain fields, and some high-quality projects are already traded on Huobi HTX. In addition, as one of the most active FOF funds, HTX Ventures has invested in 30 top funds worldwide, and has worked with top global blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca and Hack VC to jointly build a blockchain ecosystem. Visit us .
If you need investment and cooperation, please feel free to contact VC@htx-inc.com.
