Zeus Network completes $8 million financing with a valuation of $100 million, led by Mechanism Capital

2024-04-04 00:06:23

Collection

ChainCatcher news, according to The Block, the Solana ecosystem cross-chain communication network Zeus Network announced the completion of an $8 million financing at a valuation of $100 million, led by Mechanism Capital, with participation from OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap, and The Spartan Group. Angel investors including Solana co-founder Anatoly Yakovenko, Stacks co-founder Muneeb Ali, and Mechanism Capital founder Andrew Kang also participated in this round of financing.

Zeus Network founder and CEO Justin Wang stated that this round of financing takes the form of a Simple Agreement for Future Tokens (SAFT).

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

2025-01-17 22:47

CertiK Ventures announces investment in the Solana ecosystem layer two scaling project Mantis

2025-01-17 21:36

Web 2.5 infrastructure company Torram has completed a $710,000 Pre-Seed funding round, with participation from Draper Associates

2025-01-16 22:07

RWA tokenization platform Brickken completes $2.5 million seed round financing, with participation from Hodl Ventures and others

2025-01-15 20:36

Mention the project

Zeus Network Permissionless communication layer on Solana and Bitcoin