According to PANews, Bitcoin Layer 2 protocol Zulu Network announced the completion of its seed round of financing, with investors including Draper Dragon, Web3.com Ventures, CGV, PANONY, D11 Labs and other well-known venture capital partners.
The seed round will be used to strengthen Zulu Network’s development team, drive marketing efforts, and expand community engagement efforts. Zulu Network aims to optimize its protocol, enhance security measures, and provide a smoother integration experience for developers and users.
Zulu Network's architecture sets a new standard for scalability and interoperability in the Bitcoin ecosystem, combining the security of the Bitcoin blockchain with the versatility of EVM compatibility to provide developers with the ability to build dApps. The UTXO innovation layer improves the efficiency of Bitcoin transactions.
