ZenChain Completes $8.5M Funding Round Led by DWF Labs

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
ZenChain has secured $8.5 million in project funding, led by DWF Labs, Watermelon Capital, and Genesis Capital. The funds will drive core protocol development, boost validator and ecosystem growth, and support marketing efforts ahead of the TGE and mainnet launch. ZenChain focuses on building cross-chain infrastructure for Bitcoin and EVM-based assets within a unified, secure framework.

BlockBeats news: On January 6, according to official announcements, ZenChain has successfully completed an $8.5 million funding round, led by Watermelon Capital, DWF Labs, and Genesis Capital.


Meanwhile, before the TGE, ZenChain also secured a $1.5 million angel investment commitment. The newly raised funds will be used for: accelerating core protocol development, expanding validator and ecosystem participation, supporting marketing and ecosystem-building initiatives, and preparing for the upcoming TGE and subsequent mainnet milestones.


ZenChain aims to provide infrastructure for cross-chain interactions, enabling Bitcoin and EVM-based assets to operate within a unified and secure framework. The network focuses on capital efficiency, validator consensus security, and long-term sustainability, rather than short-term speculation.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.