Zulu Network Secures New Funding to Enhance Bitcoin Second-Layer Solutions

On September 24, Bitcoin second-layer solution Zulu Network announced the successful completion of its seed funding round, as reported by COINOTAG. Although the exact figures remain undisclosed, prominent investors such as Draper Dragon, Web3.com Ventures, CGV, Panony, and D11 Labs participated in this round. The secured funds will be allocated towards enhancing the Zulu Network development team, increasing marketing initiatives, and expanding community engagement strategies. This new investment aims to refine the network’s protocol, bolster security frameworks, and streamline integration processes for developers and users alike. Previously, on April 5, Zulu Network raised $3 million in a pre-seed funding round, with contributions from Cryptogram Venture (CGV), D11 Labs, Web3.com Ventures, Satoshi Labs, and Splinter Node Capital.