On August 9th, it was reported that Nexio announced that it successfully raised a pre-seed round of $2.20 million in the early stages of its Bitcoin scaling solution. This round of financing was led by Lattice, and participants included HTX Ventures, Artichoke Capital, Morningstar Ventures, Sharding Capital and other well-known investment institutions and angel investors. Nexio's vision is to provide a scalable, secure and cost-effective infrastructure for the Bitcoin ecosystem, supporting complex DeFi applications, gaming platforms, NFT markets and infrastructure projects. Nexio leverages parallelized rollup technology to support over 30,000 transactions per second while keeping fees below $0.01. Nexio uses MoveVM technology developed by Facebook and combines zk-Rollup, multi-party computational threshold signature scheme and Fractal interpreter. Nexio plans to launch a permissionless testnet in the next six to 12 months, followed by a mainnet solution.