DoubleZero announced its intention to create a parallel internet for blockchains, providing an alternative to the public network with a launch set for 2025.
New Network Initiative
Co-founder Austin Federa stated that the new initiative is open to anyone with fiber, aiming to provide private networking technology for blockchains and distributed systems.
Funding and Expansion
Led by Multicoin Capital and Dragonfly Capital, DoubleZero completed a $28 million funding round to expand the network and hire new personnel. The testnet is already launched for Solana validators and remote procedure calls in seven major cities globally.
Future Plans
Federa and his team are working on creating infrastructure that will support distributed systems for the next fifty years. DoubleZero aims to launch a secure fiber network on a global scale.
DoubleZero is taking steps to revolutionize the blockchain internet, providing opportunities for decentralized systems in the future.
