Merlin Chain, a Bitcoin Layer2 solution, has received investment from a group of 24 investors including notable names such as OKX Ventures and Foresight Ventures.

The funding is aimed at advancing Merlin Chain's scaling solution that features ZK-Rollup network, decentralized oracle network, and BTC fraud-proof mechanisms.

Merlin Chain is part of Bitmap Tech, which boasts a market cap of over $500 million, and is focused on enhancing Bitcoin's ecosystem.

The investment will facilitate the team's efforts to increase ecosystem richness and improve liquidity for Bitcoin's native assets.

Merlin Chain is poised to launch its mainnet this week, with plans for staking events and a governance token distribution via a 'fair launch'.

Updates on developments and events can be tracked through Merlin Chain's official Twitter account.