"DoubleZero Secures $28M Investment, Valued at $4B, to Revolutionize Blockchain Data Transmission"

Coin WorldWednesday, Mar 5, 2025 6:12 pm ET

1min read

The DoubleZero Foundation, a trailblazer in blockchain infrastructure, has secured a significant $28 million investment in its latest funding round. Led by prominent venture capital firms Dragonfly and Multicoin Capital, this strategic investment values the company at $4 billion and positions it for further growth.

DoubleZero is on a mission to revolutionize blockchain data transmission efficiency and reduce latency. The company is building a global private fiber optic network, integrating private lines from institutions such as Jump Crypto, RockawayX, and Latitude. This network aims to enhance the performance of public blockchains by providing faster and more reliable data transmission.

The investment comes at a critical juncture for DoubleZero, as it is currently seeking additional funding at a $6 billion valuation. The company's innovative approach to blockchain infrastructure has garnered significant interest from the investment community, with Dragonfly and Multicoin Capital leading the charge.

Dragonfly, a leading venture capital firm focused on blockchain and cryptocurrency investments, has a strong track record of backing successful projects in the space. Multicoin Capital, another prominent venture capital firm, is known for its investments in cutting-edge blockchain technologies and decentralized finance (DeFi) platforms.

The DoubleZero Foundation's latest funding round underscores the growing demand for robust and efficient blockchain infrastructure. As the blockchain ecosystem continues to evolve, companies like DoubleZero are poised to play a crucial role in driving innovation and adoption.

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