The company plans to hire more engineers despite the intense bear market.
Aztec Network – a privacy layer 2 chain for Web3 – announced raising $100 million in a Series B financing led by VC giant Andreessen Horowitz (a16z). The funding round also saw participation from A Capital, King River, Variant, SV Angel, Hash Key, Fenbushi, and AVG.5.
Its partnership with a16z will fund the development of a “next-generation encrypted architecture” that would enable users to verify that blockchain rules were followed correctly without revealing any underlying information.
The main focus of these encrypted blockchains is to allow privacy and anonymity with respect to transaction execution.
Following the development, Aztec CEO Zac Williamson stated,
“What we’re building is a revolutionary piece of technology that transforms how we interact with each other online, in which the end user is the customer, rather than the product. End-to-end encrypted blockchains protect individuals, obviatin
We współpracy z: https://cryptopotato.com/a16z-leads-100m-funding-round-for-web3-privacy-layer-aztec-network/
