Lending Protocol Block Green Raises $3.7M in Seed Round with Coinbase Ventures Involved

Block Green, a lending protocol that aims to serve miners, announced that it has raised $3.7m in a seed funding round led by Founders Fund, with participation from Coinbase Ventures, Blizzard and Dao5. The fund will be used to develop the protocol further and build out its team. Block Green allows Bitcoin miners to use their future Bitcoin production as collateral by borrowing against their hash power.