The Doublezero Protocol, a blockchain infrastructure network aimed at increasing the speeds and efficiency for the shared networks, announced a round of validator funding to sell token purchases for its native token to prospective validators.
Applications for funding the funding will be accepted on April 2-10 through the Coinlist platform, which has marked the first sale of public token in the United States since 2019. The rotation is only available to accredited investors.
According to the protocol, only validators currently serve the high-throughput Solana, Celestia, SUI, Aptos, and Avalanche Network are eligible to apply.
Interested parties are invited to submit bids expressing a per-unit price token and maximum budgets, which are combined to determine the final price of sale offered to participating validators.
A diagram of the doublezero funding process. Source: Coinlist
In a statement to Cointelegraph, Austin Federa, co-founder of double zero protocol And the former approach led the Solana Foundation, said:
“The sale of a doublezero coinlist is a first-of-its-kind opportunity for validators that have secured the most performant and distributed blockchains. It opens access to infrastructure that will empower the next generation of shared systems.”
“This industry has found huge investment and changes at the top of the clamp-time to change the physical layer of infrastructure that empowers high performance-distributed systems,” Federa said in a statement.
Funding is in the middle of a recent -only Uptick to capital fundraising From crypto firms and crypto venture capitalists – suggests that the market has a room growing in 2025.
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Doublezero Protocol targets the mainnet launch in the second half of 2025
Doublezero’s protocol is aimed at Launch its mainnet In the second half of 2025 following a successful $ 28 million funding completed in March.
Crypto Venture Capital Firms Multicoin Capital and Dragonfly Capital led the past fundraising.
First page of the doublezero protocol white paper. Source: Doublezero
Doublezero aims to increase the speed and communication of blockchain networks by using a dedicated network of fiber optics to provide physical infrastructure for high-speed, low-lattency blockchain connection.
The focus on a dedicated fiber of the optic network for higher speeds is similar to moving from the dial-up Internet that uses the 56K modem operating through the 20th century telecommunication infrastructure to broadband systems in the early 2000s.
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