ZetaChain, a San Francisco, CA-based developer of a public EVM-compatible L1 blockchain, raised $27m in funding.
Backers included Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, and others.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2021, ZetaChain is a decentralized EVM-compatible L1 blockchain with built-in cross-chain interoperability, connecting all blockchains, even non-smart contract chains like Bitcoin and Dogecoin. With ZetaChain’s complete Omnichain toolkit, developers can build omnichain dApps from a single point of logic, and users can access all of their assets, data, and liquidity in a single place, securely.
Its ecosystem counts more than 47,000 dApp contracts, with a diverse range of dApps including cross-chain DeFi, NFTs, universal web3 social, identity, and gaming protocols. Already, 1.7 million users have participated on the ZetaChain testnet, which has seen over 13 million transactions completed to date.
The company’s vision is backed by close to 150 contributors from all over the world, including Ankur Nandwani (ex-Coinbase, Brave, and and co-founder of Basic Attention Token), Panruo Wu (THORchain early contributor), and Brandon Truong (ex-BuzzFeed, Udacity, Yada). Other members include former employees of 0x, Cosmos, Ignite, Consensys, and other blockchain projects.
FinSMEs
17/08/2023