Zeus Secures $8M In Funding to Enhance Solana Blockchain

Zeus Network Secures $8 Million In Funding to Enhance the Solana Blockchain

Zeus Network raises over $8M from top VC firms and angel investors, reinforcing its commitment to bolstering the Solana blockchain platform

Hoan-My

Published on Apr 4, 2024

2 min read

Zeus Network Secures $8 Million In Funding to Enhance the Solana Blockchain

New York, New York, April 4th, 2024, Chainwire

Zeus Network has secured over $8 million in investments from a number of leading venture capital firms and angel investors, demonstrating strong support for its mission to enhance the Solana blockchain platform. Among the investors are notable firms such as Mechanism Capital, OKX Ventures, UTXO Management, Anagram, Animoca Venture, Portal Venture, Big Brain Venture, Comma3, Axia8, Lemniscap, Spartan, IVC, AppWorks, Rubik, CVVC, Blockbuilders.

Top angel investors included Solana Co-Founder, Anatoly Yakovenko, Co-Creator of Stacks, Muneeb Ali and Founder of Mechanism Capital Andrew Kang.

Zeus Network aims to connect different Web3 ecosystems using the Solana Virtual Machine (SVM) and a proprietary layer of nodes called the Zeus Layer. This infrastructure is designed to facilitate secure and efficient data exchange between Solana and other major blockchains such as Bitcoin, Ethereum, and BNB.

The network has cultivated a large community, with 83,000 members on Discord and 120,000 on Twitter, and was selected by the Jupiter community as the number 1 project to launch its token on the Jupiter LFG Launchpad. This launch is part of a strategy to engage the community and offer rewards to active participants.

The first dApp released on Zeus Network, APOLLO, aims to bridge the liquidity between Bitcoin and Solanגa, demonstrating the network's capacity for innovation and its contribution to the DeFi ecosystem.

On April 4th, the $ZEUS token is set to launch on the first-ever Jupiter LFG Launchpad. The Zeus team wants to express its gratitude to the ZEUS community and Jupiter holders who exercised their decentralized governance rights and will be able to claim $ZEUS. The allocation for the $ZEUS airdrop is set at 3% of the total supply for Jupiter voters, zuPoint holders, and Dappie Gang holders.

Date: April 4th
Time: 9 am (EST)
Duration: 72 hours
Amount: 50,000,000 (5% of the total supply)
Launchpad site: Coming soon

About Zeus Network

Zeus Network transforms blockchain interaction by providing an interoperable solution for the Solana ecosystem. Powered by Solana Virtual Machine (SVM), Zeus Network empowers Zeus Layer nodes to ensure robust security and seamless data exchange. This initiative clears the path for Solana to become the premier hub for all ecosystems, captivating millions of users across diverse blockchains.

Facilitating interoperable communication among cross-chain dApps, Zeus Network empowers liquidity and complex applications to seamlessly engage with Solana in a decentralized and permissionless environment, making it accessible to everyone.

Website | Zeus on X | APOLLO | Discord | Docs