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

Odaily Planet Daily News: According to insiders, DoubleZero Foundation has received a $28 million investment in its latest round of financing, 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. It is reported that Austin Federa, the chairman of DoubleZero Foundation, previously served as the strategic director of Solana Foundation. The other co founders of the foundation, Andrew McConnell and Mateo Ward, are responsible for Malbec Labs, the core contributor company of the project. Jump Crypto is also one of the core contributors. （CoinDesk）