ZetaChain Raises $27 Million to Support Chain-Agnostic Platform
ZetaChain, a Layer-1 network, has secured $27 million in funding from various investors to support its chain-agnostic platform. The protocol, created in 2021, aims to provide standardized interoperability between networks, allowing non-smart contract chains to interact with the decentralized finance (DeFi) ecosystem. This means that developers can implement smart contracts on networks like Bitcoin and Dogecoin. ZetaChain solves the problem of contracts being unable to communicate between blockchains by allowing developers to build omnichain decentralized applications (DApps) that can access assets and data from any blockchain without the need for token bridging or wrapping.
Key points:
– ZetaChain’s platform enables standardized interoperability between networks.
– Developers can implement smart contracts on non-smart contract chains.
– ZetaChain allows for the creation of omnichain DApps that can access assets and data from any blockchain.
– Over 27,000 DApp contracts have been deployed on the platform, including cross-chain DeFi, NFTs, Web3 identity, and gaming protocols.
– The team behind ZetaChain includes experienced individuals from companies like Coinbase, Brave, THORchain, BuzzFeed, and ConsenSys.
ZetaChain aims to make building services that are faster, more secure, and easy to use for decentralized app developers. With its chain-agnostic platform, ZetaChain has the potential to drive innovation and further adoption of DeFi applications across different blockchain networks.
Hot Take
ZetaChain’s ability to provide interoperability between different blockchains is a significant step forward for the crypto ecosystem. By allowing developers to implement smart contracts on non-smart contract chains, ZetaChain opens up new possibilities for innovation and collaboration. With an experienced team and strong investor support, ZetaChain has the potential to revolutionize the way decentralized applications are built and operated.
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