Bitfinity, a blockchain project developing a Bitcoin Layer 2 network based on the Internet Computer protocol, raised $7 million in total funding. Investors included Polychain Capital, ParaFi Capital, Warburg Serres, Dokia Capital and Draft Ventures, Bitfinity co-founder Max Chamberlin told The Block in an interview. The funding was realized in two parts — a seed round of about $1 million in 2021 and a growth round of the rest of the amount that closed last June — Chamberlin said. He added that both were token rounds, with the second round bringing Bitfinity’s valuation to $130 million.