“New internet” for Doublezero for Blockchains Nabs at a value of $ 400 million from Top Crypto VCS

Doublezero, a start -up company, raised a “new internet” building to improve Blockchain’s performance, $ 28 million, with a value of $ 400 million, according to three people who are familiar with this issue, and are now looking for “strategic partners” to invest more at $ 600 million.

Two people said that Dragonfly and Multicoin Capital are leading the first financing round. One of those familiar with the subsequent strategic tour has not yet been closed. Another said, that the investment capital companies were smuggling strongly on any allocation they could get.

Doublezero refused to comment.

Obtaining such a noble evaluation in an early tour is uncommon, but it has not been heard about the encryption companies that display the transformation systems. On the side of Doublezero, its vision is to collect a global network of special fiber cables, then harness them until Blockchains can transmit its data more efficiently than it was possible on the public Internet.

Its logo – “Increase the frequency range, or the reduction of cumin” or IBRL – spread across the Solana community even before Doublezero appeared for the first time in December. The project is seen as a technique of enabling Solana’s major plans to process one million transactions per second.

A familiar source said that Definzero opens the allowed Testnet to Solana Devidators and RPCS, with plans to expand other chains below the line. Its network of optical cables fiber in a special line managed by Chem Crypto, RockawayX, Global Global, Latitude and Teaswitch, and accepts more shareholders.

At the Solana’s Breakpoint Conference in September, the Jump Crypto Fredancer team showed his SOFFAST Solana customer who works quickly. Unless they told the crowd at that time, the participating auditors were running on Doublezero’s infrastructure

Austin Vidira, President of Doublezero, was the former head of the strategy at the Solana Foundation. The other founders, Andrew McConnell and Matteo Ward, are responsible for the project shareholder company, Malbec Labs. Jump Crypto is also a key contribution, as well as an early -to -heating range to the network.

Fedra jokingly referred to Definzero as “the first infrastructure project for encryption” because of its huge dependence on devices: optical fiber cables across the ground and the sea. Instead of purchasing or building this price infrastructure, Doublezero will rely on independent telecommunications companies ready to achieve their unstable money.

The whole thing reminds us of the Wall Street War for speed, as commercial companies spent large money on specialized optical fiber lines for a precious millimeter with their orders.

in Explanation BlogThe Helius infrastructure company, Doublezero’s favorite data pipelines, has been cub Both will get the place where you are going. But the private car will do so faster, and more.

“I think the Solana community said very resounding,” we would like to go beyond what is possible on the public internet. “ X spacesAlthough he said Doublezero is “completely compatible” with any Blockchain.

The system is likened to fiber lines for companies for companies. “We just get to the point where Blockchains are fast enough to take advantage of it.”