ZetaChain Raises $27 mn In Equity Round
Layer 1 network, ZetaChain stated that it has obtained $27 million to promote its chain-independent platform. Investors from Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and other firms took part in the round.
ZetaChain, a 2021 protocol, aims to provide standardized interoperability between networks, enabling non-smart contract chains to interact with the decentralized finance (DeFi) ecosystem. This enables developers to implement smart contracts in networks not running the technology, such as Bitcoin and Dogecoin. ZetaChain enables developers to build omnichain decentralized applications that access assets and data from a single platform, regardless of the blockchain. The platform has deployed over 27,000 dApp contracts from various third-party applications, including cross-chain DeFI, nonfungible tokens, Web3 identity, and gaming protocols. The protocol has over 13 million transactions performed by 1.7 million users on its testnet.
(With inputs from Shikha Singh)
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