The Bitcoin ecosystem's composability DID protocol, BRC-137, has completed a $2.5 million seed round of financing with participation from BASICS CAPITAL, DFG, GATE.IO, JSQUARE, and others. The funds will be used to accelerate the development and growth of the protocol. BRC-137 aims to build a DID ecosystem by introducing composable prefixes and suffixes to enhance asset liquidity. The protocol also introduces a royalty mechanism to promote the development and innovation of on-chain social models.

Foresight News reports that the BRC-137 protocol, which focuses on the composability of the Bitcoin ecosystem and decentralized identity (DID), has announced the completion of a $2.5 million seed funding round. Participants in the funding round include Basics Capital, DFG, Gate.io, and JSquare. The funds will be used to accelerate the development and growth of the protocol. According to the BRC-137 whitepaper, the protocol aims to enhance asset liquidity and build a DID ecosystem by introducing composable prefixes and suffixes. Additionally, the protocol introduces a royalty mechanism to promote the development and innovation of on-chain social models.

BRC-137 has completed a seed round of financing of 2.5 million US dollars, aiming to accelerate the development of the DID ecosystem.