Bitcoin Layer 2 protocol Zulu Network completes seed round financing, with participation from Web3.com Ventures and others

2024-09-23 12:34:25

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ChainCatcher news, Bitcoin Layer 2 protocol Zulu Network has announced the completion of its seed round financing, with participants including Draper Dragon, Web3.com Ventures, CGV, PANONY, D11 Labs, and other prominent venture capital partners. The seed round financing will be used to enhance Zulu Network's development team, drive marketing efforts, and expand community engagement. With this investment, Zulu Network aims to optimize its protocol, strengthen security measures, and provide developers and users with a smoother integration experience.

It is understood that Zulu Network's groundbreaking architecture sets a new standard for scalability and interoperability in the Bitcoin ecosystem. By combining the robust security of the Bitcoin blockchain with the versatility of EVM compatibility, Zulu Network empowers developers to build decentralized applications (dApps) that can leverage the strengths of both the Bitcoin and Ethereum networks. Additionally, the UTXO innovation layer introduces advanced transaction capabilities, enhancing the efficiency of Bitcoin transactions.

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