The interoperability-focused blockchain platform ZetaChain has attracted $27 million in funding.
Today, we’re excited to announce our $27 million funding round to accelerate ZetaChain’s mission to offer the first public EVM-compatible L1 blockchain that connects all chains, including Bitcoin, Cosmos, and Ethereum.
We founded ZetaChain in 2021 with a mission to establish a… pic.twitter.com/MX5wmMPBMy
— ZetaChain (@zetablockchain) August 16, 2023
Participants in the round included Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, and Krust. The valuation of the project was not disclosed.
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The ZetaChain platform, founded in 2021, plans to launch its mainnet soon. According to the developers, the latter is intended to unite Ethereum, Polygon, BNB Chain, Bitcoin, and Dogecoin.
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\n\”ZetaChain’s goal is to simplify the management of assets and data across multiple blockchains, which remains a complex and fragmented process, hindering millions of users from engaging with the Web3 ecosystem,\” explained the startup’s representatives.
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According to the developers, the testnet of the new L1 platform has already been used by 1.7 million people.
Earlier, the Ethereum startup Scroll raised $50 million at a $1.8 billion valuation.