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ZULU Network completes seed round financing, integrating EVM and UTXO layer innovative Bitcoin Layer 2 protocol.
ZULU Network completes seed round financing, integrating EVM and UTXO layers
Recently, a Bitcoin Layer 2 protocol called ZULU Network announced the completion of its seed round of financing. The uniqueness of this protocol lies in its seamless integration of the Ethereum Virtual Machine (EVM) layer and the Unspent Transaction Output (UTXO) innovation layer.
The innovative architecture of the ZULU Network brings new scalability and interoperability standards to the Bitcoin ecosystem. By combining the robust security of the Bitcoin blockchain with the versatility of EVM compatibility, the protocol enables developers to fully leverage the advantages of both networks to build decentralized applications (dApps). Additionally, its UTXO innovation layer introduces advanced transaction functionalities, enhancing 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 innovative protocols to market, allowing more people to 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 primarily used to expand the development team of ZULU Network, promote marketing activities, and enhance community engagement programs. With this investment, ZULU Network is committed to optimizing its protocol, strengthening security measures, and providing developers and users with a smoother integration experience.
The vision of ZULU Network is to "move Bitcoin forward". The project combines the advantages of Bitcoin with the flexibility of EVM-compatible technology, creating a decentralized framework focused on tokenized computing power and physical infrastructure. As the project evolves, 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.