Zulu Network Raises $3 Million

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

Zulu Network secured $3 million in funding during the pre-seed round to transform Bitcoin Layer 2. This platform, known as the Zulu Network, is the first of its kind offering EVM and UTXO support for Bitcoin Layer 2.

The investment round saw participation from various entities such as Cryptogram Venture (CGV), D11 Labs, Web3.com Ventures, and more.

Zulu Network - An Innovative Approach

Zulu Network stands out in the realm of Bitcoin Layer 2 solutions with its unique two-tiered architecture. By supporting both EVM and UTXO, Zulu Network is causing a significant shift in the Bitcoin ecosystem.

Pioneering Architecture by Zulu Network

With its dual-layer architecture on Bitcoin, Zulu Network innovates by incorporating L2 and L3 elements.

ZuluPrime (EVM) - A platform compatible with EVM, ZuluPrime aims to establish a new Bitcoin DeFi ecosystem through smart contracts and decentralized applications (dApps).

ZuluNexus (UTXO) - Operating as an L3 platform, ZuluNexus merges UTXO scalability with a focus on advancing Bitcoin's original ecosystem and native assets.

Creating Decentralized Bitcoin Infrastructure

Zulu Network is currently in the process of building decentralized Bitcoin bridges, connecting all Bitcoin Layer 2s with the broader cryptocurrency ecosystem. This initiative enables native Bitcoin assets to engage with advanced DeFi applications and financial services, preserving the security and functionality of the Bitcoin Network.

New Bitcoin Era with Zulu Network

This funding marks the beginning of a transformative period for Bitcoin DeFi and opens up new possibilities for Bitcoin native assets in the cryptocurrency sector.

Zulu Network intends to focus on key areas such as enhancing the dual-layer architecture, advancing decentralized Bitcoin bridges, expanding the ecosystem, and investing in research and development to elevate Bitcoin's capabilities within the Zulu architecture.

With its Decentralized Bitcoin Bridge, Zulu Network is bridging Bitcoin Layer 2 ecosystems to the Bitcoin Network, driving innovation in the Bitcoin Economy.

The Zulu Network Tesnet LWAZI is currently operational.

Resources

For more information on Zulu Network, visit the official website.

Inquiries

For anyone seeking further information or articles, make a request via the provided resources.

Tags: Bitcoin, DeFi, Zulu Network

Source: https://thebittimes.com/zulu-network-raised-3-million-tbt84659.html

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zoomex Launches World Trading Championship 2026 with Record Prize Pool

chest

Zoomex announces the launch of the World Trading Championship 2026 with a record prize pool of 5,000,000 USDT, featuring an expanded multi-asset competition format.

user avatarEmily Carter

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

IonQ Launches Superion 256 Quantum Computer with Orders Open for 2027 Delivery

chest

IonQ has launched its Superion 256 quantum computer, opening orders for delivery in 2027.

user avatarKaterina Papadopoulou

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.