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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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ZULU Network has completed seed round financing to advance Bitcoin Layer 2 and EVM integration innovation.
ZULU Network secures seed round funding to promote Bitcoin layer two innovation
The Bitcoin Layer 2 protocol ZULU Network recently announced the completion of its seed round financing, attracting the attention of several well-known investment institutions. These investors include multiple venture capital firms focused on the Web3 and cryptocurrency sectors.
ZULU Network is an innovative Bitcoin Layer 2 solution that uniquely integrates the Ethereum Virtual Machine (EVM) layer and the Unspent Transaction Output (UTXO) innovation layer. This architecture brings unprecedented scalability and interoperability to the Bitcoin ecosystem.
By combining the security of the Bitcoin blockchain with the flexibility of EVM compatibility, ZULU Network provides developers with a powerful platform to fully leverage the advantages of both the Bitcoin and Ethereum networks to build decentralized applications (dApps). Additionally, the UTXO innovation layer introduces advanced transaction functionalities, significantly 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 letting developers and users experience the tremendous potential of Bitcoin's second layer technology."
The funds from this round of financing will mainly be used to expand the development team of ZULU Network, strengthen marketing efforts, and promote community engagement programs. The goal of ZULU Network is to refine its protocol, enhance security measures, and provide developers and users with a smoother integration experience through this investment.
The vision of ZULU Network is "to advance Bitcoin." It combines the robust foundation 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 vibrant developer community, providing them with the necessary tools and resources to build unique applications based on this innovative protocol.
The success of this round of financing not only provided necessary funding support for ZULU Network but also demonstrated investors' confidence in the prospects of Bitcoin layer two solutions. With the continuous advancement of blockchain technology, innovative projects like ZULU Network will play an important role in promoting the development of the entire cryptocurrency ecosystem.