Bitcoin scaling proposal Ark is getting closer to reality. After a year of research focused on refining the reference implementation, Ark Labs announced today the completion of a $2.5 million pre-seed funding round led by Tim Draper and his firm, Draper Associates. While the technical feasibility of Ark’s approach was initially debated, today’s announcement is a strong show of confidence for the future of the protocol and the builders behind it.

Speaking with Bitcoin Magazine, Ark Labs’ co-founder Marco Argentieri expressed excitement about the road ahead, suggesting Ark is ready to provide a significant lift to existing scaling efforts.

“This funding will accelerate our efforts…

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