zeus Network, Solana brush
-3.084%
Interoperability Layer raised $8 million in a funding round led by Mechanism Capital.
Other investors in the round included OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group, Zeus Network said Wednesday. Angel investors, including Solana co-founder Anatoly Yakovenko, stack 
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Co-founder Muneeb Ali and Mechanism Capital founder Andrew Kang also participated in this round.
This was a seed funding round consisting of a simple contract for future tokens (SAFT), Zeus Network founder and CEO Justin Wang told The Block. Wang added that fundraising efforts began last September and ended last month. The round was done in tranches at various valuations between $30 million and $100 million, with the largest amount being raised between $70 million and $100 million, it added.
What is Zeus Network?
Zeus Network is Solana Wang said an interoperability layer is built on top of the Solana Virtual Machine. It aims to connect with other blockchains, including Solana. bitcoin 
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, Litecoin 
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and Dogecoin 
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. It initially focused on Bitcoin through Apollo, a decentralized app that aims to provide Bitcoin liquidity on Solana and allow Bitcoin holders to explore decentralized applications on Solana. Apollo attracted more than 40,000 users globally in just four days since its testnet launch, Zeus said.
“Zeus Network (…) seeks to leverage Solana to build a cross-chain infrastructure,” the project said. “This is achieved by developing the Zeus Layer, a network of connectable and programmable nodes to the Solana virtual machine.”
The Zeus network is currently in testnet and is expected to launch mainnet in June or July, Wang said.
Zeus Network Token Launch
Zeus will also launch and airdrop tokens on April 4th. Jupiter yup
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LFG Launchpad is a platform that helps Solana project launch tokens. “ZEUS token airdrop allocation is set at 3% of total supply for Jupiter voters, zuPoint holders and Dappie Gang holders,” the project said.
The total supply of ZEUS is 1 billion, with an initial circulation of 167.50 across various sectors, including early backers (10%), Jupiter LFG Launchpad (5%), ecosystem and community growth (40%), and foundations (20%). Ten thousand have been allocated. ), team (15%), liquidity (5%) and advisors (5%). Each assignment has a specific vesting period.
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