Zulu Network Secures $3 Million in Pre-Seed Funding to Revolutionize Bitcoin Layer 2

General

In
a
landmark
move
for
the
Bitcoin
Economy, Zulu
Network,
the
first
Two-Tiered
Bitcoin
Layer
2
offering
EVM
and
UTXO
support,
has
successfully
closed
$3
million
in
pre-seed
funding,
marking
a
significant
milestone
in
reshaping
the
Bitcoin
ecosystem.
This
pre-seed
investment
featured
participation
from
Cryptogram
Venture
(CGV),
D11
Labs,
Web3.com
Ventures,
Satoshi
Labs,
Splinter
Node
Capital,
Polk
Street
Capital,
BlueRun
Ventures
China,
Ledger
Capital,
Link
Capital,
Jingle
Mining,Waterdrip
Capital,
K24
Ventures,
and
CatcherVC,
among
others.

Introducing
Zulu
Network

As
a
pioneer
in
the
realm
of
Bitcoin
Layer
2
solutions,
boasting
a
unique
two-tiered
architecture,
the
platform
supports
both
EVM
and
UTXO,
paving
the
way
for
revolutionary
advancements
within
the
Bitcoin
ecosystem.

As
the
first
to
pioneer
a
dual-layer
architecture
on
Bitcoin
(L2
&
L3),
Zulu
Network
introduces:

ZuluPrime
(EVM):
an
EVM-compatible
L2
platform
aimed
at
building
a
new
BitFi
(Bitcoin
DeFi)
ecosystem
through
smart
contracts
and
decentralized
applications
(dApps).

ZuluNexus
(UTXO): a
L3
platform
that
integrates
the
scalability
of
UTXO
and
focuses
on
innovation
of
Bitcoin’s
original
ecosystem
and
native
assets.

Decentralized
Bitcoin
Bridge
Infrastructure: Zulu
Network
is
building
the
first
decentralized
Bitcoin
bridges
to
connect
all
Bitcoin
Layer
2s
and
the
entire
crypto
ecosystem
to
the
Bitcoin
ecosystem.

Zulu
is
building
and
empowering
a
wide
ecosystem
within
the
Bitcoin
economy,
allowing
native
Bitcoin
assets
to
engage
with
sophisticated
DeFi
applications
and
Financial
Services,
while
preserving
the
original
security,
reliability,
and
capabilities
of
the
Bitcoin
Network.

“Zulu
Network’s
innovative
dual-layer
network
structure
within
the
Bitcoin
ecosystem
not
only
provides
users
with
more
stable
and
innovative
services
but
also
offers
tremendous
value
and
potential
for
DeFi
applications.
The
EVM
compatibility
and
smart
contract
functionality
of
ZuluPrime,
along
with
the
hybrid
design
of
UTXO
and
account
types
in
ZuluNexus,
represent
new
directions
for
the
future
development
of
the
Bitcoin
ecosystem” – Steve
Chiu,
founder
of
CGV,
a
leading
blockchain
investment
and
fund
of
funds
(FoF).

This
funding
will
initiate
a
new
era
of
BitFi
(Bitcoin
DeFi)
and
expand
the
potential
of
Bitcoin
native
assets
across
the
whole
crypto
space.
Specifically,
the
areas
that
Zulu
will
focus
on
are:

· Dual-layer
Architecture: The
Zulu
Network
will
use
its
funding
to
enhance
the
infrastructure
of
ZuluPrime
and
ZuluNexus,
focusing
on
EVM
compatibility,
UTXO
scalability,
and
smart
contract
functionality
to
create
a
versatile
platform
for
DeFi
applications.
· Decentralized
Bitcoin
Bridge
Advancement: As
the
first
to
build
a
fully
decentralized
Bitcoin
Bridge,
Zulu
Network
will
allocate
a
substantial
amount
of
effort
into
advancing
its
bridge
infrastructure
capabilities,
connecting
not
only
all
Bitcoin
Layer
2,
but
also
the
whole
crypto
industry
to
Bitcoin
through
a
unique
bridge
architecture.
· Ecosystem
Expansion: Investment
in
ecosystem
expansion
aims
to
attract
developers
for
innovative
BitFi
applications
and
establish
strategic
partnerships,
broadening
the
adoption
and
utility
of
Bitcoin
DeFi.
· Research
&
Development
(R&D): Zulu
Network
allocates
funds
towards
research
and
development
focused
on
Bitcoin,
aiming
to
explore
new
technologies
and
methodologies
that
enhance
Bitcoin’s
capabilities
and
integration
within
the
Zulu
architecture.

It
is
reported
that
the
Alpha
version
of
the
Zulu
Network
Test
Network
will
be
launched
on
April
5th.
The
Test
Network
focus
will
be
on
BitFi
development
and
support
of
BTC
native
assets
while
maintaining
the
security,
reliability,
and
functionality
Bitcoin
is
known
for.

“This
is
just
the
beginning
for
Zulu
Network,”
says
Eric
Lifson,
Co-Founder
at
Zulu
Network.
“We
are
very
excited
about
having
the
opportunity
to
revolutionize
the
Bitcoin
Network
and
want
to
give
special
thanks
to
all
investors
participating
in
this
funding.
We
are
not
just
building
a
Layer
2.
We
are
creating
a
whole
new
infrastructure
on
top
of
Bitcoin.
This
year
marks
the
beginning
of
a
BitFi
revolution,
with
Zulu
Network
at
the
forefront
of
BTC
innovation.
The
Zulu
Network
ecosystem
will
realize
what
everyone
dreamed
decentralization
could
become.”

Zulu
Network
invites
everyone
to
join
their
mission
to
revolutionize
the
Bitcoin
economy
together
and
is
planning
to
release
an
exciting
ecosystem
Point
System
for
community
participation
soon.

Learn
more
about
Zulu
Network
at https://zulunetwork.io/ and
read
more
about
their
game-changing
technical
architecture
at https://docs.zulunetwork.io/.

About
Zulu
Network:
Revolutionizing
Bitcoin
with
two
Layers
(L2
&
L3)
and
a
Decentralized
Bitcoin
Bridge
Infrastructure.

Zulu
Network
represents
a
ground-breaking
advancement
in
the
Bitcoin
ecosystem,
introducing
a
two-layer
architecture
to
expand
the
capabilities
of
the
Bitcoin
Network: ZuluPrime (L2)
to
take
BitFi
(Bitcoin
DeFi)
to
the
next
level
with
EVM,
and ZuluNexus (L3)
to
expand
the
native
features
of
Bitcoin
with
UTXO
innovation.

As
the
first
of
its
kind,
Zulu
Network’s Decentralized
Bitcoin
Bridge will
connect
all
Bitcoin
Layer2
ecosystems,
and
the
entire
crypto
space
to
the
strongest
network
in
the
world:
The
Bitcoin
Network,
unlocking
the
Bitcoin
Economy,
BitFi,
and
opening
up
innovation
for
ALL
Devs
and
Users.

Introducing
Zulu
Network:
A
pioneer
in
the
realm
of
Bitcoin
Layer
2
solutions,
boasting
a
unique
two-tiered
architecture.
Zulu
Network
supports
both
EVM
and
UTXO,
revolutionizing
the
possibilities
within
the
Bitcoin
ecosystem.

Zulu
Network
is
the
Bitcoin
Layer
2
for
an
Open
Future.
Zulu
invites
everyone
to
join
them
in
a
groundbreaking
journey
towards
seamless
innovation
and
revolution
of
the
Bitcoin
economy.

Disclaimer:
The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading cryptocurrency and securities.