Bitlayer, a Bitcoin Layer 2 public chain developed based on BitVM, announced its $50 million developer airdrop activity. More than 500 project parties have signed up to participate in the activity, covering various types of projects such as infrastructure, DeFi, inscriptions, SocialFi, cross-chain bridges, etc. The activity is building the largest ecosystem for Bitcoin Layer 2. Within 48 hours of the launch of the activity, more than 300,000 users have voted and supported the projects. The activity is still open for registration until April 29th, and the official competition is expected to take place in mid-May. At that time, project parties can share the $50 million token airdrop rewards and grants through the leaderboard and accelerator plan.