Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Stroom Network has raised $3.5 million in seed funding in an oversubscribed funding round led by crypto investment firm Greenfield. Other participants include Lemniscap, Cogitent Ventures, Ankr’s venture arm, and No Limit Holdings. Stroom’s protocol allows users to leverage their bitcoin capital on both the Lightning Network and Ethereum. By depositing bitcoin on Lightning, users can earn routing fees while Stroom issues a wrapped bitcoin token, lnBTC, on Ethereum, allowing users to explore further yield opportunities across the Ethereum ecosystem, similarly to WBTC.
