CGV announces strategic investment in the Bitcoin Layer 2 network Zulu Network
CGV officially announced a strategic investment in the Zulu Network, a layer two network that empowers universal access to the Bitcoin ecosystem.Author: Cryptogram Venture
Recently, CGV officially announced a strategic investment in Zulu Network, a Layer 2 network that empowers universal access to the Bitcoin ecosystem.
Zulu Network features a unique dual-layer architecture design, serving as a Bitcoin Layer 2 platform that achieves EVM compatibility, allowing powerful DeFi applications to be deployed on the Bitcoin network, directly unlocking the value of assets such as BTC and BRC20 tokens. ZuluNexus acts as a Layer 3 platform, utilizing a hybrid virtual machine design that supports both UTXO and account types. This design retains the capabilities of Bitcoin while adding extra functionalities, enabling developers to explore new innovative possibilities. ZuluPrime and ZuluNexus are interconnected through seamless bridging, facilitating rapid asset transfers.
The innovative solutions of Zulu Network bring new functionalities to the Bitcoin blockchain and the broader decentralized finance space: making the dream of BitFi a reality while maintaining the original security, reliability, and functionality of the Bitcoin network.
CGV founder Steve believes that the innovative dual-layer network structure of Zulu Network in the Bitcoin ecosystem not only provides users with more stable and innovative services but also offers significant value and potential for DeFi applications. The EVM compatibility and smart contract capabilities of ZuluPrime, along with the hybrid design of UTXO and account types in ZuluNexus, represent a new direction for the future development of the Bitcoin ecosystem.
More investment updates from CGV will be announced in the near future, so stay tuned for exciting content.
｜About Cryptogram Venture (CGV):
CGV (Cryptogram Venture) is a crypto investment institution headquartered in Tokyo, Japan. Since 2017, its funds and predecessor funds have participated in investments in over 200 projects, including the investment and incubation of the licensed Japanese yen stablecoin JPYW. Meanwhile, CGV FoF is a limited partner in several globally renowned crypto funds.
Since 2022, CGV has successfully hosted two editions of the Japan Web3 Hackathon (TWSH), receiving joint support from institutions and experts such as the Japanese Ministry of Education, Culture, Sports, Science and Technology, Keio University, and NTT Docomo. Currently, CGV has branches in Hong Kong, Singapore, New York, Toronto, and other locations.
In addition, CGV is also one of the founding members of the Bitcoin Tokyo Club located in Tokyo, Japan.
