On August 12, Turingbitchain, the founder of BTC smart contract layer bitcoin virtual machine BVM, has completed the first round of institutional financing, with ZC Capital, Stratified Capital, TradingEQ, HK HuaEr Group and others participating. The specific valuation information has not been disclosed yet. Participation in the BVM ecosystem includes: B2GC Accelerator, 071Labs, OneKey, NaboxWallet, Taskon, Icetea Vietnam, Prom, TinTinLand, BeHelix, Mintlayer, BoolNetwork, Onekey, CoralApp, etc. Turingbitchain (TBC) has the advantages of the SHA256 POW + UTXO model, and has better scalability and data cutting capabilities and practical Turing-complete smart contract capabilities. Suitable for the development and deployment of Web3 applications, it can fully unlock the liquidity and micropayment potential of BTC.