Curated News
By: NewsRamp Editorial Staff
April 05, 2024
Zulu Network Closes $3M in Pre-Seed Funding for Bitcoin Layer 2 Innovation
TLDR
- Zulu Network's dual-layer architecture provides a competitive advantage by revolutionizing the possibilities within the Bitcoin ecosystem.
- Zulu Network's ZuluPrime and ZuluNexus platforms use EVM and UTXO for a versatile Bitcoin DeFi platform.
- Zulu Network's innovative infrastructure aims to make the world a better place by expanding the capabilities of the Bitcoin Network.
- Zulu Network is pioneering a new era of BitFi and decentralized Bitcoin bridges, marking a significant milestone in reshaping the Bitcoin ecosystem.
Impact - Why it Matters
The groundbreaking advancements by Zulu Network will revolutionize the Bitcoin ecosystem, introducing a two-layer architecture and a decentralized Bitcoin bridge infrastructure. This will expand the capabilities of the Bitcoin Network, paving the way for a new era of BitFi (Bitcoin DeFi) and revolutionizing the possibilities within the Bitcoin ecosystem.
Summary
Zulu Network, the first Two-Tiered Bitcoin Layer 2 offering EVM and UTXO support, has closed $3 million in pre-seed funding from key players in the industry. The platform introduces ZuluPrime (EVM) and ZuluNexus (UTXO), along with a decentralized Bitcoin bridge infrastructure. This funding will initiate a new era of BitFi (Bitcoin DeFi) and expand the potential of Bitcoin native assets across the whole crypto space.
Source Statement
This curated news summary relied on content disributed by BlockchainWire. Read the original source here, Zulu Network Closes $3M in Pre-Seed Funding for Bitcoin Layer 2 Innovation
