[PRESS RELEASE – New York, New York, November 7th, 2024]

Bitcoin L2 Labs, a new organization focused on advancing Stacks core development and Bitcoin L2 adoption, announced its official launch today. The team aims to lead the next stage of Stacks protocol development and foster innovation within the Bitcoin ecosystem, building on the recent launch of the Nakamoto upgrade.

Key highlights of the announcement include:

• Bitcoin L2 Labs will take a leading role in Stacks Core Development, building a dedicated team of core developers to accelerate progress on the leading Bitcoin Layer 2 solution.
• The organization has already added 5 new full-time Rust developers to work on critical projects like sBTC and Clarity WASM, enhancing Stacks’ capabilities and integration with Bitcoin.
• Bitcoin L2 Labs plans to streamline the developer experience, ship upgrades faster, and facilitate ecosystem-wide roadmapping to ensure cohesive development across the Stacks ecosystem.
• The team is led by CTO Adriano Di Luzio, former CTO of Algorand Labs, and Head of Product Andre Serrano, who brings extensive Web3 and Stacks ecosystem experience.
• Upcoming projects include championing sBTC development, supporting ecosystem security through the ‘Orange Hats’ program, and proposing changes to make core development more efficient and transparent.

Adriano Di Luzio, CTO of Bitcoin L2 Labs, stated, “We’re excited to bring a product-led approach to Stacks core development that will open up new possibilities for the Stacks layer, reduce friction, and streamline the developer experience. Our team is committed to accelerating the growth and adoption of Bitcoin L2 technology.”

The launch of Bitcoin L2 Labs comes at a crucial time for the Stacks ecosystem, following the Nakamoto upgrade. This major protocol enhancement has significantly improved Stacks’ functionality and integration with Bitcoin, setting the stage for increased adoption and innovation.

Andre Serrano, Head of Product at Bitcoin L2 Labs, added, “With the Nakamoto upgrade live, we’re now focused on building the next generation of tools and infrastructure to support developers and users in the Stacks ecosystem, starting with the upcoming rollout of sBTC. Our goal is to make Stacks the go-to platform for Bitcoin-based applications and services.”

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