Rift Secures $8 Million in Financing on November 8, 2025

According to relevant media reports, Midl secured $2.4 million in seed funding on July 29, 2025. The round was led by Draper Associates and Draper Dragon, among others. Following this financing, Midl’s total funding reached $4.8 million.Midl is an innovative Bitcoin infrastructure project focused on enabling native execution of decentralized applications (dApps) on the Bitcoin network. By introducing an additional abstraction layer, users can interact directly with EVM-level smart contracts using their Bitcoin wallets, without requiring cross-chain asset transfers or leaving the Bitcoin network. This solution significantly enhances the utility and scalability of the Bitcoin ecosystem.As Web3 and decentralized applications continue to evolve rapidly, the Bitcoin network—being the largest cryptocurrency ecosystem—has long faced limitations in supporting smart contract functionality. Midl’s solution introduces new possibilities for the Bitcoin network, enabling it to support a broader range of application scenarios. The newly raised capital will help Midl further refine its technical framework, expand its team, and accelerate product development and market expansion. Against the backdrop of a maturing cryptocurrency market, Midl’s innovation could drive significant breakthroughs within the Bitcoin ecosystem.