Today, we’re excited to announce our $27 million funding round to accelerate ZetaChain’s mission to offer the first public EVM-compatible L1 blockchain that connects all chains, including Bitcoin, Cosmos, and Ethereum.
We founded ZetaChain in 2021 with a mission to establish a new standard for blockchain interoperability where users can access all of their assets and data from one wallet on a single platform, regardless of the blockchain they were created or stored on and without the need for bridges or risky wrapped tokens. This includes non-smart contract chains like the Bitcoin network and Dogecoin.
Standardized interoperability provides developers with the ability to deploy a single contract that manages assets and data on all chains, significantly reducing attack surface and development overhead. ZetaChain’s EVM-compatible, omnichain smart contract layer empowers developers to seamlessly implement Bitcoin smart contracts, unlocking a whole new class of dApps.
For end users, ZetaChain enables the creation of apps and services with reduced steps, slippage, fees, susceptibility to race conditions, and overall faster, more accessible, and better user experience. Solving the fragmentation problem in crypto is critical to enabling Web3 apps to work for the next hundreds of million of users, who are still blocked by complexities, risk, and lack of accessibility.
Read more about our mission: https://t.co/lrSIJAZWxP