On July 18, Draper Dragon officially announced its investment in MIDL. It is reported that MIDL is an abstract protocol originated in Bitcoin and aims to directly execute dApps written based on Solidity-based on the Bitcoin network, eliminating operational barriers between users and developers. The protocol creates a fully EVM compatible environment, allowing developers to migrate Ethereum dApps to Bitcoin in days rather than months. Draper Dragon originated from Silicon Valley DFJ Fund and was co-founded in 2005 by the world's most influential venture capitalists and the first generation of domestic venture capital leaders. It is the core fund and governing unit of the global early venture capital network alliance "Draper Venture Network".