{"id":83183,"date":"2023-08-17T10:40:43","date_gmt":"2023-08-17T07:40:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83183"},"modified":"2025-09-12T09:37:56","modified_gmt":"2025-09-12T06:37:56","slug":"zetachain-an-l1-project-raises-27-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/zetachain-an-l1-project-raises-27-million\/","title":{"rendered":"ZetaChain, an L1 project, raises $27 million"},"content":{"rendered":"<p>The interoperability-focused blockchain platform ZetaChain has attracted $27 million in funding.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Today, we\u2019re excited to announce our $27 million funding round to accelerate ZetaChain\u2019s mission to offer the first public EVM-compatible L1 blockchain that connects all chains, including Bitcoin, Cosmos, and Ethereum.<\/p>\n<p>We founded ZetaChain in 2021 with a mission to establish a\u2026 <a href=\\\"https:\/\/t.co\/MX5wmMPBMy\\\">pic.twitter.com\/MX5wmMPBMy<\/a><\/p>\n<p>\u2014 ZetaChain (@zetablockchain) <a href=\\\"https:\/\/twitter.com\/zetablockchain\/status\/1691807320739655920?ref_src=twsrc%5Etfw\\\">August 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>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.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>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.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<cite>\\&#8221;ZetaChain&#8217;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 <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a> ecosystem,\\&#8221; explained the startup&#8217;s representatives.<\/cite><\/p><\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to the developers, the testnet of the new L1 platform has already been used by 1.7 million people.<\/p>\n<p>Earlier, the Ethereum startup <a href=\"https:\/\/forklog.com\/en\/news\/scroll-an-ethereum-scaling-startup-raises-50-million-at-a-1-8-billion-valuation\">Scroll raised $50 million<\/a> at a $1.8 billion valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The interoperability-focused blockchain platform ZetaChain attracted $27 million in funding.<\/p>\n","protected":false},"author":1,"featured_media":83184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133,1310],"class_list":["post-83183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments","tag-zetachain"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=83183"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83183\/revisions"}],"predecessor-version":[{"id":83185,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83183\/revisions\/83185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/83184"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=83183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=83183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=83183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}