DoubleZero Foundation Secures $28 Million for Blockchain Infrastructure Expansion
Summary
DoubleZero Foundation raised $28 million in a token funding round led by Multicoin Capital and Dragonfly Capital. The project plans to use the money to build a global fiber network that improves blockchain and distributed system performance. The team will also hire across marketing, developer relations, and business development. The launch of a permissioned testnet adds another step toward a public mainnet later this year.
Funding
Amount
$28.0M
Total raised
Date
March 6, 2025
Announcement date
Investors
Multicoin Capital, Foundation Capital
Lead investors
Company
doublezero.xyz
Funded company
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