Bitcoin Layer 2 Network ZULU Network Secures Seed Round Financing

Recently, an emerging 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, such as Draper Dragon, Web3.com Ventures, CGV, PANONY, and D11 Labs.

ZULU Network is an innovative Bitcoin layer two solution, uniquely distinguished by its seamless integration of the Ethereum Virtual Machine (EVM) layer and the Unspent Transaction Output (UTXO) innovation layer. This architectural design sets a new standard for the scalability and interoperability of the Bitcoin ecosystem. By combining the security of the Bitcoin blockchain with the versatility of EVM compatibility, ZULU Network enables developers to fully leverage the advantages of both networks to build decentralized applications (dApps). Furthermore, 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 truly experience the potential of Bitcoin's second-layer solutions. We are excited to have the support of these outstanding investors who share our vision for a more universal and scalable Bitcoin ecosystem."

The funds will mainly be used to expand the development team of ZULU Network, advance marketing strategies, and expand community engagement programs. Through this investment, ZULU Network aims to further refine its protocol, strengthen security measures, and provide a smoother integration experience for developers and users.

It is worth mentioning that several investment institutions participating in this round of financing have rich investment experience in the cryptocurrency and blockchain fields. For example, Draper Dragon has invested in multiple well-known projects; CGV FoF focuses on investing in crypto funds and crypto studios; Web3.com Ventures has multiple portfolios in the Bitcoin ecosystem; while PANONY has deep experience and a wide network in the blockchain industry in Asia.

The vision of ZULU Network is "to promote the development of Bitcoin". It has created a decentralized framework focused on tokenized computing power and physical infrastructure by combining the advantages of Bitcoin with the flexibility of EVM-compatible technology. As the project continues to evolve, the ZULU Network team is dedicated to fostering an inclusive and vibrant developer community, providing them with the necessary tools and resources to build unique applications based on its innovative protocol.