PANews reported on December 4 that according to Cointelegraph, Bitcoin and ZK infrastructure company Fiamma completed a $4 million seed round of financing, led by Lightspeed Faction and L2IV, with participation from Astera Ventures, Contribution Capital, Sats Ventures, Chapter One and FoundersHead. The investment also includes participation from major strategic investors in the Bitcoin infrastructure field, such as BOB (Build on Bitcoin), and various angel investors such as the founders of Satlayer and Daedalus. The company plans to use the investment to expand Fiamma's business, accelerate product development, and promote the adoption of its underlying technology.

According to reports, Fiamma is a Bitcoin and ZK infrastructure company dedicated to transforming Bitcoin into a dynamic programmable asset. It is unlocking the actual use cases of Bitcoin, transforming it into a dynamic asset and the foundation of a decentralized Internet and financial system. Fiamma's products include the Bitcoin Bridge Fiamma Bridge and the Bitcoin ZK verification layer Fiamma Layer powered by BitVM2.