a16z prospects Aztec Network’s $one hundred million funding round

Layer-two Powered by ZK-Rollup Aztec Network Announces Successful Funding of $100M Series B Funding Round Led by a16z.

Privacy-centered Web3 company Aztec Network has raised $one hundred million in a Series B round led by investment fund a16z.

In addition, the funding round also incorporated participation from A Capital, King River, Variant, SV Angel, Hash Key, Fenbushi and AVG.

As a outcome, the business programs to use the invested capital to create a cryptographic architecture that permits folks to use the blockchain devoid of revealing identity info. Additionally, Aztec programs to double its recent workforce of forty, with which it shared the co-founder TechCrunch.

Aztec is a entirely encrypted Ethereum blockchain remedy to market privacy and decrease computational redundancy, founded in 2017 by Zac Williamson and Joe Andrews.

Aztec Network CEO Zac Williamson stated in a statement:

“What we are creating is a revolutionary technological innovation that will adjust the way on line interactions are carried out, in which the finish consumer is the buyer, not the product or service. End-to-finish encrypted blockchains guard folks, decreasing the want for a centralized money procedure.”

Earlier this month, a16z also performed a $six.9 million funding round in decentralized video-sharing platform Shibuya.

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