Nubit Secures $3M in Pre-Seed Funding

Nubit has closed a $3M Pre-Seed funding round, with participation from investors including dao5, OKX Ventures and Primitive Ventures, to build a Bitcoin-native data availability layer. The company is developing the Modular Indexer in collaboration with Domo, the creator of BRC-20, which lets users efficiently self-verify data validity. Nubit is currently running a Pre-Alpha Testnet, with a mainnet launch planned for later this year. Yu Feng, co-founder of Nubit and a computer science professor at UCSB, described the project as the start of a new era for Bitcoin's infrastructure.