DoubleZero Protocol Opens Validator Funding Round for High-Throughput Networks

The DoubleZero Protocol, a blockchain infrastructure network designed to enhance speeds and efficiency for distributed networks, has announced a validator funding round. This round aims to sell token-purchase agreements for its native token to prospective validators. Applications for this funding round will be accepted from April 2 to April 10 through the CoinList platform, marking the first public token sale in the United States for DoubleZero since 2019. The round is exclusively available to accredited investors.

Eligibility for this funding round is restricted to validators currently serving high-throughput networks such as Solana, Celestia, Sui, Aptos, and Avalanche. Interested parties are invited to submit bids declaring a per-unit token price and maximum budgets, which will be aggregated to determine the final sale price offered to the participating validators.

Austin Federa, co-founder of the DoubleZero Protocol and former Strategy lead at the Solana Foundation, highlighted the significance of this funding round. He stated that it provides a unique opportunity for validators securing the most performant and distributed blockchains to access infrastructure that will power the next generation of distributed systems. Federa emphasized the need to revolutionize the physical infrastructure layer powering high-performance distributed systems, noting the substantial investment and innovation seen at the top of the stack.

The funding round comes at a time when there is a noticeable uptick in capital fundraising from crypto firms and crypto venture capitalists, suggesting that the market has room to grow in 2025. DoubleZero Protocol aims to launch its mainnet during the second half of 2025, following a successful $28 million fundraising round completed in March. This previous round was led by crypto venture capital firms Multicoin Capital and Dragonfly Capital.

DoubleZero Protocol aims to enhance the speed and communication of blockchain networks by utilizing a dedicated network of fiber optics. This infrastructure provides high-speed, low-latency blockchain connectivity, similar to the shift from dial-up internet to broadband systems in the early 2000s. By focusing on a dedicated fiber optic network, DoubleZero seeks to revolutionize the physical infrastructure layer, ensuring faster and more efficient blockchain operations.