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ZULU Network completes seed round financing to build a Bitcoin EVM compatible Layer 2 network
Bitcoin Layer 2 Protocol ZULU Network Completes Seed Round Financing
Recently, the innovative Bitcoin Layer 2 protocol ZULU Network announced the completion of its seed round financing. Institutions participating in this round of investment include several well-known venture capital firms.
ZULU Network is a unique Bitcoin layer two solution, characterized by its seamless integration of the Ethereum Virtual Machine (EVM) layer and the Unspent Transaction Output (UTXO) innovation layer. This innovative architecture brings unprecedented scalability and interoperability to the Bitcoin ecosystem.
By combining the powerful security of the Bitcoin blockchain with the flexibility of EVM compatibility, ZULU Network enables developers to fully leverage the advantages of two major mainstream networks to build decentralized applications (dApps). Furthermore, its UTXO innovation layer introduces advanced transaction capabilities, greatly enhancing the efficiency of Bitcoin transactions.
Eric Lifson, co-founder of ZULU Network, stated: "This funding will accelerate our development process and help us bring our innovative protocol to market. We look forward to users and developers being able to fully experience the tremendous potential of Bitcoin's second-layer technology."
The funds raised in this round of financing will mainly be used to strengthen the development team of ZULU Network, promote marketing efforts, and expand community participation programs. The goal of ZULU Network is to further improve its protocol, enhance security measures, and provide developers and users with a smoother integration experience through this investment.
It is worth mentioning that the vision of ZULU Network is to "push Bitcoin forward". It cleverly combines the advantages of Bitcoin with the flexibility of EVM-compatible technology, creating a decentralized framework focused on tokenized computing power and physical infrastructure. As the project continues to evolve, the ZULU Network team is committed to fostering an inclusive and active developer community, providing them with the necessary tools and resources to build unique applications based on this innovative protocol.