# Nubit Secures $3M in Pre-Seed Funding

Source: https://medium.com/@nubit_org/nubit-secures-3m-in-pre-seed-funding-to-lead-bitcoin-native-data-availability-infrastructure-c6b5bc812697
Kiwi News: https://news.kiwistand.com/stories/Nubit-Secures-dollar3M-in-Pre-Seed-Funding?index=0x6602eb1a8dc45e710b930fcd02917b164b08b87beee9b591d9d05a3748a056ab961f1d4a
Submitted by bitnews.eth on 2024-03-26 UTC, 1 upvote, 0 comments

## Summary

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.