<\/p>\n
ZetaChain announced Wednesday that it had raised $27 million as part of a recent funding round.\u00a0<\/p>\n
According to a blog post, Blockchain.com, Jane Street Capital, Human Capital, Vy Capital, GSR, amongst others participated in the round.\u00a0<\/p>\n
With the funding, ZetaChain will continue to build an Ethereum Virtual Machine-compatible layer-1 blockchain.\u00a0<\/p>\n
To put it simply, EVM<\/a> is the runtime environment for executing smart contracts on the Ethereum<\/a> blockchain.<\/p>\n \u201cSince the beginning, along with our 150 contributors from all over the world, we have focused on providing the best possible experience for developers to build genre-defining services that go beyond Web3 and we will continue doing so,\u201d a ZetaChain contributor told Blockworks.<\/p>\n It allows users to access assets and data from a wallet on one platform regardless of the blockchain, expanding this to even include chains such as the Bitcoin network and Dogecoin<\/a>, despite the fact that both are non-smart contract chains.<\/p>\n \u201cZetaChain\u2019s Ethereum Virtual Machine compatible omnichain smart contract layer empowers developers to seamlessly implement Bitcoin smart contracts. This unlocks a whole world of users who were previously solely in Bitcoin, enabling them to utilize their Bitcoin within the broader DeFi ecosystem,\u201d ZetaChain said in a blog post announcing<\/a> the raise.<\/p>\n According to the post, 1.7 million users have used the testnet, totaling over 13 million transactions.<\/p>\n \u201cOur ecosystem counts more than 47,000 dapp contracts, with a diverse range of dapps including cross-chain DeFi<\/a>, NFTs<\/a>, universal Web3 social, identity<\/a> and gaming<\/a> protocols,\u201d ZetaChain said.<\/p>\n Essentially, the blockchain allows end users to create apps and services \u201cwith reduced steps, slippage, fees, susceptibility to race conditions, and overall faster, more accessible and better user experience.\u201d<\/p>\n Get the day\u2019s top crypto news and insights delivered to your email every evening.\u00a0Subscribe to Blockworks\u2019 free newsletter<\/a>\u00a0now.<\/strong><\/p>\n Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can\u2019t-miss tweets and more from\u00a0Blockworks Research\u2019s Daily Debrief<\/a>.<\/strong><\/p>\n Can\u2019t wait? Get our news the fastest way possible.\u00a0Join us on Telegram<\/a>\u00a0and follow us on\u00a0Google News<\/a>.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" ZetaChain announced Wednesday that it had raised $27 million as part of a recent funding round.\u00a0 According to a blog post, Blockchain.com, Jane Street Capital, Human Capital, Vy Capital, GSR, amongst others participated in the round.\u00a0 With the funding, ZetaChain will continue to build an Ethereum Virtual Machine-compatible layer-1 blockchain.\u00a0 To put it simply, EVM […]<\/p>\n","protected":false},"author":2,"featured_media":138321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-138320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=138320"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138320\/revisions"}],"predecessor-version":[{"id":148123,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138320\/revisions\/148123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/138321"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=138320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=138320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=138320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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