September 23, 2024
Zulu Network, a new class of Bitcoin Layer 2, has successfully completed its Seed Round with participation from Draper Dragon, CGV, Web3.com Ventures, PANONY, D11 Labs, and Splinter Node Capital. This achievement represents a significant milestone in Zulu Network’s mission to empower Bitcoin through innovative advancements and propel the Bitcoin Economy forward.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
Zulu Network | September 23, 2024 | Seed Round | Draper Dragon, CGV, Web3.com Ventures, PANONY, D11 Labs, and Splinter Node Capital | Bitcoin, Layer 2 |
Following the earlier acquisition of $3 million in pre-seed funding, Zulu Network is now positioned to revolutionize the Bitcoin Layer 2 paradigm and introduce much-needed innovations into the Bitcoin DeFi (BitFi) space.
About Zulu Network
Zulu Network is a Bitcoin Layer 2 solution designed to enhance the Bitcoin ecosystem by providing a secure and scalable platform for decentralized applications (dApps). It achieves Bitcoin-level security using BitVM2 technology, allowing developers to deploy dApps on both Ethereum Virtual Machine (EVM) and Unspent Transaction Output (UTXO) layers. This dual-layer architecture supports a wide range of applications, including decentralized finance (DeFi), NFTs, and more. By bridging the gap between Bitcoin and other blockchain technologies, Zulu Network aims to create an open and innovative ecosystem for the future of Bitcoin.
Website: https://zulunetwork.io/
About Investor
Draper Dragon, CGV, Web3.com Ventures, PANONY, D11 Labs, and Splinter Node Capital.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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