QED, the Bitcoin on-chain scaling protocol, announced the completion of a $6 million seed round. Blockchain Capital participated as the sole investor. Its founder revealed that this round of financing has valued QED to "nine figures", or at least $100 million. As of now, QED has raised a total of $10.60 million. Previously, the company received $3.25 million in pre-seed financing from Arrington Capital, StarkWare, Draper Dragon and others, and received $1.35 million in angel round financing from companies such as Animoca Brands-backed Sparkle Ventures.