ZetaChain Raises $27M for Interoperable Layer-1 Blockchain That Connects All Chains, Including Bitcoin, Cosmos, and Ethereum
SAN FRANCISCO, Aug. 17, 2023 /PRNewswire/ -- 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.
- ZetaChain's Ethereum Virtual Machine compatible smart contract layer and omnichain toolkit empower developers to seamlessly implement Bitcoin smart contracts.
- These represent a diverse range of third-party decentralized applications, including cross-chain DeFi, NFTs, universal web3 social, identity, and gaming protocols.
- Instead, ZetaChain operates as a transparent Proof-of-Stake blockchain, ensuring complete transparency, verifiability, and trust-minimized functionality for all transactions and activities, including cross-chain transactions.