Plasma Network, a Bitcoin-based EVM-compatible chain, has successfully secured $3.5 million in a funding round. Led by Bitfinex, the investment round also included participation from Split Capital, Animoca Capital, Karatage, and Manifold Trading, among others. The raised funds will be primarily allocated towards the development of Plasma Network's solution, which aims to enhance the compatibility of Bitcoin with the Ethereum Virtual Machine (EVM). This compatibility will enable developers to create and deploy smart contracts on Bitcoin, leveraging the security and decentralization of the network. Plasma Network is committed to bridging the gap between Bitcoin and Ethereum, allowing for the seamless transfer of value and data between the two blockchain ecosystems. This funding round is a testament to the growing demand for interoperability and cross-chain functionality in the blockchain industry.