BlockBeats news reports that on November 8, Muneeb Ali, co-founder of Stacks, announced the creation of a new entity called “Bitcoin L2 Labs.” The entity will receive $20 million in fun
ding to focus on core development. Adriano DiLuzio, a former member of Algorand Labs, will take on the role of chief technology officer and lead the development of Stacks core and SBTC.
