In a significant stride towards realizing its vision, ZetaChain has secured an impressive $27 million in its latest funding round. The aim? To expedite the development of the very first public EVM-compatible L1 blockchain, one that promises seamless connectivity across diverse chains such as Bitcoin, Cosmos, and Ethereum.

ZetaChain’s inception in 2021 marked the beginning of a mission that sought to redefine blockchain interoperability. The crux of this ambition lies in providing users with an all-encompassing solution: a unified platform that grants access to their assets and data, irrespective of the blockchain’s origin. Importantly, this breakthrough eliminates the need for precarious bridges or wrapped tokens, a leap forward even for non-smart contract chains like Bitcoin and Dogecoin.

This innovative approach to interoperability comes with wide-ranging benefits for developers. With standardized interoperability, a singular contract can now manage assets and data across a spectrum of chains, significantly reducing vulnerabilities and development complexities. ZetaChain’s groundbreaking EVM-compatible omnichain smart contract layer empowers developers to seamlessly integrate Bitcoin smart contracts, ushering in a new era of decentralized applications (dApps).

For end-users, ZetaChain heralds a new era of streamlined applications and services, minimizing hurdles such as multiple steps, slippage, fees, and susceptibility to race conditions. The result is an overall enhanced user experience, one that is swifter, more accessible, and more intuitive. ZetaChain’s initiative also tackles the pressing issue of fragmentation within the crypto sphere, a crucial step towards making Web3 apps viable for the next wave of users who currently grapple with complexities, risks, and barriers to accessibility.