Blockchain network ZenChain has successfully raised $8.5 million in a funding round co-led by DWF Labs, Watermelon Capital, and Genesis Capital. Additionally, angel investors have pledged $1.5 million ahead of ZenChain's Token Generation Event (TGE). The funds will be utilized to enhance core protocol development, expand validator and ecosystem participation, and support marketing efforts. ZenChain is focused on creating a secure interoperability layer that connects Bitcoin native capital with the Ethereum-compatible ecosystem, facilitating cross-chain value transfer and decentralized applications.
ZenChain Secures $8.5 Million in Funding Led by DWF Labs
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