DoubleZero Foundation raises $28M through a token sale round

#DoubleZeroFoundation secures $28M through a token sale round co-led by Multicoin Capital and Dragonfly Capital, with participation from Foundation Capital, Reciprocal Ventures, DBA, Borderless Capital, Superscrypt and Frictionless. DoubleZero will utilize secured funds to hire key roles in marketing, developer relations, and business development and to help usher the network out of testnet beta into the public mainnet in the second half of 2025.

#DoubleZero is a global fiber network for high performance distributed systems and blockchains, bringing high-performance networking and hardware acceleration to crypto.

👉 theblock.co/post/344846/doublezero-foundation-raises-28-million-to-expand-a-global-fiber-network-for-blockchains