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Zeus Network Announces $8 Million Funding Round Ahead of Token Launch

Zeus Network aims to bridge Bitcoin and Solana, secures funding to expand cross-chain capabilities.

April 4, 2024 by Sheldon

Solana-based interoperability layer Zeus Network has secured $8 million in funding at a $100 million valuation. The round, revealed in a Discord announcement, saw Mechanism Capital lead, with additional investments from OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap, The Spartan Group, and angel investors, including Solana co-founder Anatoly Yakovenko.

The funding arrives ahead of Zeus Network's token launch, scheduled for April 4th on Jupiter's LFG launchpad.

What is Zeus Network?

Zeus Network is a permissionless communication layer built to bridge the gap between Solana and Bitcoin. Focusing on decentralization, the network maintains independent security on each chain for enhanced asset protection. This approach aims to bring Bitcoin's liquidity to the Solana ecosystem, bolstering DeFi capabilities.

Zeus Network's ambitions extend beyond a single blockchain. In a previous interview with SolanaFloor, the founder outlined a plan for Zeus Network to become the go-to execution layer for blockchains without smart contracts. This strategy has the potential to revolutionize cross-chain liquidity for assets on networks like Litecoin, Dogecoin, and Stacks (Bitcoin layer 2).

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