DoubleZero Foundation has received a $28 million investment, led by Dragonfly and Multicoin Capital.

BlockBeats News, March 6th, according to CoinDesk, sources revealed that the DoubleZero Foundation received a $28 million investment in its latest funding round, valuing the company at $4 billion. It is currently seeking more investment at a $6 billion valuation. The funding round was led by Dragonfly and Multicoin Capital. DoubleZero declined to comment on this.

DoubleZero is building a global private fiber optic network to improve blockchain data transmission efficiency, reduce latency, has opened a testnet to Solana validators, and plans to expand to more public blockchains. The network integrates private lines from institutions such as Jump Crypto, RockawayX, and Latitude.

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