The DoubleZero Protocol, an innovative blockchain infrastructure network designed to enhance speed and efficiency for decentralized systems, has announced a funding round aimed at prospective validators. This initiative involves the sale of token-purchase agreements for its native cryptocurrency.
From April 2 to April 10, interested parties can submit applications via the CoinList platform, marking the first public token sale in the United States since 2019. Please note that this round is exclusively for accredited investors.
The protocol specifies that only validators actively supporting the high-throughput networks of Solana, Celestia, Sui, Aptos, and Avalanche can apply.
Those interested are encouraged to submit bids that indicate their desired per-unit token price and maximum budget. These submissions will be combined to set the final sale price for the validators who are participating.
A diagram illustrating the process of the DoubleZero validator funding round.
Austin Federa, co-founder of the DoubleZero protocol and former Strategy lead at the Solana Foundation, shared his thoughts in a statement:
“This token sale represents a unique opportunity for validators already engaged in securing the most efficient and decentralized blockchains. It paves the way for the infrastructure needed to support the next wave of distributed systems.”
“The industry has attracted significant investment and innovation at the upper levels; now it is time to transform the foundational infrastructure that drives high-performance distributed systems,” he further stated.
This funding initiative comes on the heels of increased capital fundraising activities by crypto firms and venture capitalists, signaling potential growth in the market for 2025.
Upcoming Mainnet Launch Planned for Second Half of 2025
The DoubleZero Protocol is targeting a mainnet launch in the latter part of 2025, following the completion of a successful $28 million fundraising round in March.
The recent funding round was led by prominent crypto venture capital firms.
The first page of the DoubleZero Protocol white paper.
DoubleZero’s aim is to enhance the speed and communication capabilities of blockchain networks by utilizing a dedicated fiber optic network, which provides the necessary infrastructure for high-speed, low-latency blockchain connections.
This emphasis on a dedicated infrastructure mirrors the transformation from 20th-century telecommunication systems using 56K modems to the broadband systems that became prevalent in the early 2000s.
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