ZULU Network completed seed round financing, Bitcoin layer two protocol integrates EVM and UTXO innovation.

The Bitcoin layer 2 protocol ZULU Network recently announced the completion of its seed round financing. Participating in this round of investment are several well-known venture capital firms. ZULU is an innovative Bitcoin layer 2 protocol, notable for its seamless integration of the Ethereum Virtual Machine (EVM) layer and the Unspent Transaction Output (UTXO) innovation layer.

The architecture of the ZULU Network sets a new standard for the scalability and interoperability of the Bitcoin ecosystem. By combining the security of the Bitcoin blockchain with the versatility of EVM compatibility, the ZULU Network enables developers to leverage the advantages of both networks to build decentralized applications (dApps). Additionally, its UTXO innovation layer introduces advanced transaction functionalities, enhancing the efficiency of Bitcoin transactions.

Eric Lifson, co-founder of ZULU Network, stated: "This funding will accelerate our development process and help us bring our innovative protocol to market, allowing developers and users to experience the true potential of Bitcoin's second layer functionalities. We are excited to have the support of these excellent investors who share our vision of a more universal and scalable Bitcoin ecosystem."

The funds raised in this round of financing will be used to expand the development team of ZULU Network, promote marketing activities, and enhance community engagement programs. ZULU Network plans to improve its protocol, strengthen security measures, and provide a smoother integration experience for developers and users through this investment.

Several major institutions participating in this round of investment have extensive investment experience in the cryptocurrency and blockchain fields. This includes a venture capital firm founded by the renowned investor Tim Draper, which is known for supporting forward-looking projects in the cryptocurrency sector. Additionally, there is an Asian fund focused on investing in crypto funds and crypto studios, as well as a company primarily focused on Web3 equity and cryptocurrency investment.

The vision of ZULU Network is "to advance Bitcoin." It combines the power of Bitcoin with the flexibility of EVM-compatible technology to create a decentralized framework focused on tokenized computing power and physical infrastructure. As the project develops, the ZULU Network team is committed to fostering an inclusive and vibrant developer community, providing the necessary tools and resources to build unique applications driven by its innovative protocol.