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DoubleZero Foundation completes $28 million in financing at a $400 million valuation

DoubleZero Foundation has completed a US$28 million financing at a US$400 million valuation, led by Dragonfly and Multicoin Capital, and plans to seek strategic investments at a US$600 million valuation. The project builds a new Internet based on a global optical fiber network to improve blockchain data transmission efficiency. It has opened its test network to Solana verifiers and RPC, and will expand to more public chains in the future.(CoinDesk)

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