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

On March 6th, according to CoinDesk, sources revealed that DoubleZero Foundation has received $28 million in its latest funding round, valued at $400 million, and is currently seeking more investment at a valuation of $600 million. This round of financing is led by Dragonfly and Multicoin Capital. DoubleZero declined to comment on this. DoubleZero is building a global private fiber optic network to improve blockchain data transmission efficiency and reduce latency. The testing network has been opened to Solana validators and plans to expand to more public chains. This network integrates private lines from institutions such as Jump Crypto, RockawayX, Latitude, etc.