Midl

Founded in 2021 by Iva Wisher and Ivan Vishnevskii, Midl is developing an infrastructure to deploy decentralized applications (dApps) directly on the Bitcoin network. Headquartered in Dover, Delaware, the company operates as a Bitcoin execution layer, providing an Ethereum Virtual Machine (EVM) compatible environment. This allows developers to build on Bitcoin or migrate existing dApps with minimal changes, while users can interact with these applications using their standard Bitcoin wallets without bridging assets to other networks.

The core of Midl's technology is an abstraction layer that enables smart contract functionality, previously limited on Bitcoin's primary layer. It aims to unlock the utility of Bitcoin's significant liquidity for decentralized finance (DeFi), GameFi, and SocialFi applications. Key features include native dApp interaction, full EVM compatibility, and optimized transaction finality, requiring only one confirmation instead of the usual six. The platform uses a Delegated Proof-of-Stake (DPoS) consensus mechanism to secure the network and process transactions efficiently.

On July 30, 2025, Midl announced it had secured $2.4 million in a seed funding round led by Draper Associates and supported by Draper Dragon. This investment is intended to enhance the platform's scalability and developer accessibility as it moves from its testnet phase toward a mainnet launch. The platform is designed to support Bitcoin-native token standards like Runes, making them functional across various financial products from launch. By creating a more accessible environment for developers and users, Midl seeks to foster a robust dApp ecosystem directly on the Bitcoin blockchain.

Keywords: Bitcoin execution layer, EVM compatibility, native dApps, smart contracts, BTCFi, decentralized finance, blockchain infrastructure, Delegated Proof-of-Stake, token standards, Draper Associates