Zulu Networks Raises $3M to Enhance Bitcoin DeFi Infrastructure
Zulu Network Raises $3M in Pre-Seed Funding
Zulu Networks' Pre-Seed Funding
Key Highlights:
- Pre-Seed Funding: Zulu Networks, a provider of a Two-Tiered Bitcoin Layer 2 offering EVM and UTXO support, raised $3 million in Pre-Seed funding.
- Investors: Backed by Cryptogram Venture, D11 Labs, Web3.com Ventures, Satoshi Labs, and other notable investors.
- Platform Enhancement: Funds will be used to enhance ZuluPrime and ZuluNexus infrastructure, focusing on EVM compatibility, UTXO scalability, and smart contract functionality for DeFi applications.
- Decentralized Bitcoin Bridge: Zulu Networks aims to build a fully decentralized Bitcoin Bridge, connecting all Bitcoin Layer 2 platforms and advancing bridge infrastructure capabilities.
- Research and Development: Conducting research and development focused on Bitcoin to explore new technologies and methodologies that enhance Bitcoin's capabilities and integration within the Zulu architecture.
Zulu Networks' Target Market
- Bitcoin DeFi Ecosystem: Zulu Networks aims to empower a wide ecosystem within the Bitcoin economy, allowing native Bitcoin assets to engage with DeFi applications and financial services.
- DeFi Developers and Innovators: Attracting developers for innovative BitFi applications and establishing strategic partnerships to broaden the adoption and utility of Bitcoin DeFi.
- Crypto Community: Connecting the entire crypto ecosystem to the Bitcoin ecosystem through decentralized Bitcoin bridges.
What Zulu Networks Needs to Buy
- Infrastructure Enhancement: Collaborating with technology providers to enhance the infrastructure of ZuluPrime and ZuluNexus, focusing on EVM compatibility, UTXO scalability, and smart contract functionality.
- Bridge Infrastructure Solutions: Partnering with companies specializing in bridge infrastructure to build a fully decentralized Bitcoin Bridge connecting all Bitcoin Layer 2 platforms.
- Research and Development Support: Engaging with research institutions and technology experts to conduct research and development focused on Bitcoin and its integration within the Zulu architecture.