Zeus Network, a pioneering project aimed at enhancing the interoperability of the Solana blockchain with other major blockchains, has successfully concluded its seed funding round, attracting significant interest from both venture capital firms and angel investors.

OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap, and The Spartan Group were among the prominent investors in the round, demonstrating strong support for Zeus Network's vision.

Fundraising Success

According to Zeus Network founder and CEO Justin Wang, the fundraising effort, which began last September and concluded last month, was structured as a simple agreement for future tokens (SAFT).

The round saw investments coming in at various valuations between $30 million and $100 million, with the bulk of the funding secured at the higher end of this range.

Notably, the round also saw participation from angel investors such as Solana co-founder Anatoly Yakovenko, Stacks co-creator Muneeb Ali, and Mechanism Capital founder Andrew Kang, further validating the project's potential.

Interoperability Focus

At its core, Zeus Network aims to bridge Solana with other leading blockchains, including Bitcoin, Litecoin, and Dogecoin. The project's decentralized app, Apollo, is designed to enhance bitcoin liquidity on Solana and enable bitcoin holders to engage with decentralized applications on the Solana blockchain.

Since its testnet release, Apollo has quickly garnered over 40,000 users globally, underscoring the demand for cross-chain solutions.

"Zeus Network seeks to build a cross-chain infrastructure by utilizing [...] Solana," the project stated, emphasizing its commitment to creating a more interconnected blockchain ecosystem.

Roadmap and Tokenomics

With the network currently in testnet, the Zeus team anticipates the launch of its mainnet in the coming months. Additionally, the project plans to airdrop its ZEUS token, setting aside a portion of the total supply for community incentives.

The initial circulation of ZEUS is strategically allocated across various stakeholders, including early backers, ecosystem growth initiatives, and the project team, ensuring a balanced distribution that supports long-term development.

Looking Ahead

As Zeus Network moves forward with its mission to enhance Solana's interoperability, the successful seed funding round represents a crucial milestone.

By fostering connections between Solana and other major blockchains, Zeus Network is not only expanding the possibilities within the Solana ecosystem but also contributing to the broader goal of a more integrated and versatile blockchain landscape.