ZetaChain, the layer-one blockchain that brings universal interoperability to crypto, has closed a $27 million equity funding round from a range of top participants.
The participants in the equity round “include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and others.”
ZetaChain started in 2021 and “has close to 150 contributors from all over the world. Some of the core contributors include Ankur Nandwani (ex-Coinbase, Brave, 0x, and co-founder of Basic Attention Token), Panruo Wu (early contributor to THORchain), and Brandon Truong (ex-BuzzFeed, Udacity, Yada). Other core members include former employees of Cosmos, Ignite, Consensys, and multiple other blockchain projects.”
ZetaChain’s mission is to “establish a new standard for blockchain interoperability and enable users to manage all of their assets and data from a single platform, regardless of the blockchain they were created or stored on and without the need for bridges or wrapped tokens.”
This includes non-smart contract chains like “the Bitcoin network and Dogecoin. Standardized interoperability provides developers with significant advantages as they can manage a single contract for all chains and reduce the attack surface. ZetaChain’s Ethereum Virtual Machine compatible smart contract layer and omnichain toolkit empower developers to seamlessly implement Bitcoin smart contracts.”
This unlocks a whole world of users who were previously solely “in Bitcoin, enabling them to utilize their Bitcoin within the broader DeFi ecosystem.”
The ZetaChain ecosystem is thriving, “with more than 27,000 dApp contracts currently deployed on the platform.” These represent “a diverse range of third-party decentralized applications, including cross-chain DeFi, NFTs, universal web3 social, identity, and gaming protocols. Already, more than 1.7 million ..
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