Draper Dragon Officially Announces Investment in MIDL

On July 18, it was announced that Draper Dragon has officially invested in MIDL. MIDL is a native Bitcoin abstraction protocol designed to enable the direct execution of Solidity-based dApps on the Bitcoin network, eliminating operational barriers between users and developers. The protocol creates a fully EVM-compatible environment, allowing developers to migrate Ethereum dApps to Bitcoin within days instead of months. Draper Dragon, originating from the Silicon Valley-based DFJ Fund, was co-founded in 2005 by some of the world’s most influential venture capitalists and leading figures from China’s first generation of venture investors. It serves as a core fund and board member of the global early-stage venture capital network, Draper Venture Network.