Dai Lo announces the successful completion of the acquisition of Fractal, marking an important milestone in the field of blockchain technology and privacy innovation. After months of strategic negotiations, this undisclosed amount transaction has been formally concluded. Through this acquisition, Dai Lo will fully integrate Fractal's zero-knowledge encryption (Zero-Knowledge, ZK) technology and further promote the realization of its future vision.
This acquisition includes Fractal's technology patents, token reserves, intellectual property, and most importantly, community resources. Dai Lo will continue to move forward on the foundation laid by Fractal's founders, committed to providing users with disruptive privacy solutions.
"Fractal should be a core component in DeFi, AI, and other blockchain technologies. Privacy is an indispensable feature that should be achievable in every application and on every chain." — Gary Mitchell
Fractal's Strategic Positioning
Earlier this year, Dai Lo began exploring potential projects in the blockchain ecosystem such as Bitcoin, UTXO, BRC20, and Runes. Fractal stood out due to its immense potential but had previously failed to realize its value due to a lack of resource support.
Although Fractal is already capable of operating independently as a Layer 1 or Layer 2 platform, its greatest advantage lies in being a foundational technology component that connects blockchain with traditional Web2 applications. Fractal, with privacy technology at its core, has the potential to redefine the market.
"We believe this project is capable of reaching a market value of $1 billion or even higher," stated Gary Mitchell, head of Dai Lo. "Our goal is to make this potential a reality and build a future where privacy is prioritized."
About Dai Lo
Dai Lo is a team focused on discovering potential projects and driving their success.
Gary Mitchell (@GuyGaryMitchell): A veteran in the startup field, deeply involved in the Ethereum, Cardano, and Solana ecosystems. He will fully focus on the Fractal project.
Yeolin Han (@_yeonglihan): A programming genius skilled in UTXO chains and RGBPP technology, whose technical abilities will be a key force in unleashing Fractal's potential.
The team includes 10 developers focusing on AI, ZK technology, and other fields.
Future Plans
Rebuilding the Fractal community is the team's top priority. Dai Lo is committed to revitalizing the community by improving transparency, rebuilding trust, and attracting more supporters. At the same time, the team will reposition Fractal's brand, returning to its core focus on privacy technology.
"Privacy is not just a feature, but the foundation of the entire system," said Yeolin Han. "Fractal will empower users with the right to choose whether to disclose or keep information private, fundamentally transforming the privacy experience of on-chain transactions."
In addition, the team plans to promote Fractal's technology to multiple fields such as DeFi and AI, making privacy a core feature of every application and driving Fractal to become an indispensable part of blockchain technology.
Acknowledgments and Outlook
With the dissolution of the team behind Fractal, Discreet Labs, Dai Lo expresses gratitude to all contributors who laid the foundation for this acquisition, especially thanking Sam Harrison for his significant contribution to the transaction.
Dai Lo looks forward to opening a new chapter for Fractal and plans to develop it to unprecedented heights. The team invites the community to participate together in shaping the future of $FRA and the new direction of blockchain technology.
About Fractal Network
Fractal Network is a multi-layer network dedicated to applying zero-knowledge encryption technology at every layer of the Web3 technology stack. By supporting DeFi security, asset tokenization, on-chain identity, and private transactions, Fractal is building a secure on-chain environment. Join our community to learn more: X, Telegram, or Farcaster.
Contact Information
Contributors:
Gary Mitchell
Fractal
marketing@fra.tech