The acquisition includes Fractal’s technology patents, token reserves, intellectual property rights, and most importantly, community resources.

Author: Dai Lo

Compiled by: TechFlow

Dai Lo has announced the successful completion of its acquisition of Fractal, marking a significant milestone in the field of blockchain technology and privacy innovation. The transaction for an undisclosed amount was completed after months of strategic negotiations. Through this acquisition, Dai Lo will fully integrate Fractal's Zero-Knowledge (ZK) technology and further advance its future vision.

The acquisition includes Fractal’s technology patents, token reserves, intellectual property, and most importantly, community resources. Dai Lo will continue to build on the foundation laid by Fractal’s founders and is committed to bringing disruptive privacy solutions to users.

"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, including Bitcoin, UTXO, BRC20, and Runes. Fractal stood out due to its enormous potential, but it had not been able to fully realize its value due to a lack of resource support.

While 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, centered around privacy technology, has the potential to redefine the market.

"We believe this project has the potential to reach a market cap of $1 billion or even higher," said Gary Mitchell, the head of Dai Lo. "Our goal is to turn this potential into reality and build a privacy-first future."

About Dai Lo

Dai Lo is a team focused on uncovering potential projects and driving their success.

  • Gary Mitchell (@GuyGaryMitchell): A seasoned professional in the startup field, deeply involved in the Ethereum, Cardano, and Solana ecosystems. He will focus entirely on the Fractal project.

  • Yeolin Han (@_yeonglihan): A programming genius proficient in UTXO chains and RGBPP technology, whose technical abilities will be a key force in unlocking Fractal's potential.

  • The team consists of 10 developers focused on areas such as AI and ZK technology.

Future Plans

Rebuilding the Fractal community is the team's top priority. Dai Lo is committed to revitalizing the community through improved 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," Yeolin Han stated. "Fractal will empower users with the right to choose whether to disclose or keep information private, revolutionizing the privacy experience of on-chain transactions."

Additionally, the team plans to promote Fractal's technology across 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.

Acknowledgements 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 contributions to the deal.

Dai Lo looks forward to opening a new chapter for Fractal and plans to develop it to unprecedented heights. The team warmly invites the community to participate and help shape 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 technologies at every layer of the Web3 tech 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