DoubleZero Foundation secures $28 million investment, led by Dragonfly and Multicoin Capital

ChainCatcher news, according to CoinDesk, sources revealed that DoubleZero Foundation has secured $28 million in its latest funding round, with a valuation of $400 million, and is currently seeking additional investment at a valuation of $600 million. This round of funding was led by Dragonfly and Multicoin Capital. DoubleZero declined to comment on this matter.

DoubleZero is building a global private fiber network to enhance blockchain data transmission efficiency and reduce latency. It has opened its testnet to Solana validators and plans to expand to more public chains. The network integrates private lines from institutions such as Jump Crypto, RockawayX, and Latitude.