ZetaChain Raises $27M for Interoperable Layer-1 Blockchain That Connects All Chains, Including Bitcoin, Cosmos, and Ethereum
Check out this blog post in español, 简体中文, 繁體中文, 日本語, हिंदी, 한국어, tiếng-việt, deutsch, português, français, русский, українська, persian, türkçe, indonesian, and filipino (non-English translations are created by the community, not ZetaChain).
We are very excited to announce a $27 million funding round to accelerate ZetaChain’s mission to offer the first public EVM-compatible L1 blockchain that connects everything. Participants include Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, and others.
We founded ZetaChain in 2021 with a mission to establish a new standard for blockchain interoperability where users can access all of their assets and data from one wallet on 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 omnichain smart contract layer empowers 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.
For end users, ZetaChain enables the creation of apps and services with reduced steps, slippage, fees, susceptibility to race conditions, and overall faster, more accessible, and better user experience. Solving the fragmentation problem in crypto is critical to enabling Web3 apps and services to reach a larger audience in the hundreds of millions.
Already, this 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.
Our 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.
Our next steps focus on launching mainnet and growing our ecosystem of dApps to bring world-class, decentralized services to users across the world. You can visit ZetaChain.com for more details and to keep in touch with official updates.
ZetaChain is the world’s first and only 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 true omnichain dApps from a single point of logic, and users can access all of their assets, data, and liquidity in a single place, securely.
ZetaHub introduces XP for dApps
The ZetaHub release introduces the first eligible ZetaChain apps for XP. Get started now!
January 2024: The Arrival of ZetaChain Mainnet Beta!
ZetaChain Mainnet Beta sees more than 900,000 users and 8 million transactions in the first week after launch. We’ll see you at ETH Denver very soon for ZetaChain’s Omnichain Day!