Bitcoin Layer 2 Protocol ZULU Network Completes Seed Round Financing

Recently, ZULU Network announced the completion of its seed round financing, with several well-known investment institutions participating. ZULU Network is an innovative Bitcoin layer two protocol that seamlessly integrates the Ethereum Virtual Machine (EVM) layer and the Unspent Transaction Output (UTXO) innovative layer.

This groundbreaking architecture sets new standards for scalability and interoperability in the Bitcoin ecosystem. By combining the robust security of the Bitcoin blockchain with the flexibility of EVM compatibility, ZULU Network enables developers to fully leverage the advantages of both networks to build decentralized applications (dApps). Additionally, its UTXO innovation layer introduces advanced transaction features that significantly enhance the efficiency of Bitcoin transactions.

Eric Lifson, co-founder of ZULU Network, stated: "This round of financing will accelerate our development process and help us bring our innovative protocol to market, allowing developers and users to fully experience the potential of Bitcoin's second-layer solutions. We are excited to have the support of these outstanding investors, who share our vision of a more universal and scalable Bitcoin ecosystem."

The funds raised in this round of financing will be used to strengthen the development team of ZULU Network, advance marketing strategies, and expand community engagement initiatives. Through this investment, ZULU Network aims to improve its protocol, enhance security measures, and provide a smoother integration experience for developers and users.

The investment institutions participating in this round of financing have strong backgrounds and capabilities. This includes an organization founded in 2006 by renowned investor Tim Draper, which is known for supporting forward-looking projects in the cryptocurrency field and has invested in several well-known projects and companies. There is also a fund of funds (FoF) based in Asia, focused on investing in crypto funds and crypto studios, headquartered in Japan with branches in Singapore and Canada. Additionally, there is an investment company focused on the Web3 field, as well as an investment institution established in 2018, whose team has rich experience in the blockchain industry in Asia.

The vision of ZULU Network is "to advance Bitcoin." It combines the power of Bitcoin with the flexibility of EVM-compatible technology, creating a decentralized framework focused on tokenized computing power and physical infrastructure. As the project develops, 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.