Zulu co-founder Luke Vinci recently hosted a panel with Frankie of CGV FoF, Elaine from Waterdrip Capital, and Robert of Native to Bitcoin, to discuss innovation on Bitcoin.
CGV and Waterdrip are both Venture Funds focused on the Bitcoin ecosystem, while Native to Bitcoin is a Bitcoin native application layer.
The conversation revolved around various aspects of Bitcoin innovation, with a particular focus on Layer Two solutions exemplified by Zulu Network. Participants discuss strategies for enhancing Bitcoin’s scalability, decentralization, and security, while also exploring community engagement and effective airdrop strategies.
Here is the full transcript of the very interesting conversation!
Luke (Zulu Network)
Hello, really appreciate everyone being here taking the time to join our panel and listening to some ideas about what’s going on with Bitcoin innovation. So with me, I have three rock star guests for today, Frankie from CGV, Robert from Bitcosm, and Elaine from Waterdrip Capital.
Let’s kick this space off first. Let’s do a quick introduction of all your projects.
Robert (Bitcosm/Native Network)
Sounds good. Hey everyone. I’m Robert. I’m the founder of Bitcosm. The 1st announcement I want to make here is that we are rebranding the project. It’s still a very, very early state. But we already have a good push for the market. So you are the first one to hear about Go Native: we are going native to Bitcoin. And we will talk more about it later. So from now on Bitcosm is Go Native, we are the native application layer. In the middle of my background, I was launching in the past a few other cosmos chains; I was a lead developer in the Cosmos SDK team, I was a co-author of Algo Builder and Ethereum client startups. In the past, I was also in commodity trading and working in Swiss private banking.
Frankie (CGV)
I’m Frankie from CGFoF (Cryptogram Fund of Funds). CGFoF is an Asia-based fund. So we are composed of family funds from Japan, Korea, Chinese mainland, and Taiwan. Service headquarters in Japan and some branches in Singapore, Hong Kong, and Canada. Our portfolio, including some great names like Celestia, Alchemy Pay, Metis, Graph, and Bitkeep, Casper labs, and so on. This year and the end of last year, we are currently focused more on some Bitcoin ecosystem projects like Zulu, Bitsmiley, Unisat, and DLC link as part of our portfolio. And, in this bull cycle, we will invest more on Bitcoin ecosystem. We are very bullish on that. Thank you.
Elaine (Waterdrip/Satoshi Lab)
Thanks for Zulu network’s invitation. This is Elaine from Waterdrip capital. Nice to meet you all. Waterdrip capital was started back in 2017, which was crypto BC in Asia. We invested more than 150 projects and since last year, very early last year, Waterdrip Capital and Web3 Labs co-founded the Bitcoin-focused fund which is called Satoshi Lab. As for Satoshi Lab, we also invested in many Bitcoin portfolios, including Bitcoin layer twos, Bitcoin defi, and middleware network, and other re-staking layers. Zulu Network is one of our portfolio. So I think nowadays Bitcoin is still considered as the value storage asset which is widely accepted in the world. So we’re still very bullish on Bitcoin ecosystem. Although nowadays, not many Bitcoin assets listed on the top CEX like Binance. But we think in this end of the year or the next year we will see many Bitcoin Layer Two infrastructure projects will be live. So, since Zulu network, I’ve seen their test net performance is good, the TVL is going up very quickly. We think when the main-net goes live, many Zulu ecosystem projects will come out, so looking forward, thanks to everyone here. Back to the host.
Luke (Zulu Network)
Thanks, Elaine. Some really kind words there. OK, so first question, where do you see the biggest areas for improvement and innovation in the Bitcoin protocol in the next year and the coming years?
Elaine (Waterdrip/Satoshi Lab)
I think we have to all thank the Ordinals protocols because of the capacity increase included in that. As we all know every bull run there’s many new assets come out, so it is the symbol of the every bull, such as back to the ICO and also the defi summer. So this kind of layer 1 new assets will bring new traders to this ecosystem. So because of the ORDI, SATS, these kinds of assets was listed on Binance. So it brings so many people to have interest in the Bitcoin ecosystem. So I think ordinals and BRC 20 are some of the most important innovation which is in the Bitcoin ecosystem. As we all know that Bitcoin before could only be stored in cold wallets, so it cannot generate yield. But this bull run, especially many traditional institutions came in, through sources like the bitcoin ETF, so many institutional investors started to invest in Bitcoin and also many Bitcoin yield generating protocols came out. So I think like Babylon and the other like bitcoin assets management protocol such as Bitcore, CeDeFi, these protocols I think are also very interesting and very innovative because we can bring more bitcoin whales. They can put out their Bitcoins and deposit their bitcoin and generate yields. So as we know, Bitcoin is already over a trillion dollar market, so if we can transfer 1/10th Bitcoin into the Bitcoin layer twos, it’s still 100 billion TVL market. So I think there is a very huge market for bitcoin defi as we can see. Nowadays, Ethereum layer 2 already reached TVL of over 100 billion. So I think it’s possible for the future of bitcoin layers twos, especially for the defi and the cedefi, and asset management. So I think these two are possibly the most innovative I’ve seen recently.
Robert (Bitcosm/Native Network)
Nice observation. I think that, if you talk about the innovations, then we need to separate what’s happening and what’s yet to come. I want to say that we are in the Bitcoin layer two summer. There was a layer two summer in Ethereum. But Bitcoin is the king, and now Bitcoin takes the lead for bringing all these interesting narratives of how we can scale, not necessarily performance wise, TPS, this is what everyone is saying, but actually developer experience-wise, user experience wise. And those both verticals, yes, for developers and for the users. This is where I think the new innovation is coming. So, from the user perspective, and you can see meta wallets, but they’re still in the Bitcoin space far away, from what was already there in the contender space, say what Solana is doing, what Ethereum layer twos are doing, zkSpace with their built-in account abstraction. This is all yet For Bitcoin. And like I said, the summer the Bitcoin layer two summer is here and there are many, many projects, and coming to tackle this mission and compete and provide the best solution. Our approach, Native for Bitcoin, is reduced risk. So we want to increase the experience on both the institutional side, user side, and the developer side. So they can really provide in fact a very unique approach to how you can program your Bitcoin, how you can program the societies and program the societies like DAO, or organize the societies, or create native societies In Bitcoin. During my life today, there’s no way you can create a native DAO in a Bitcoin. Because the Bitcoin script is stateless. So, you cannot have some rules that this is the set of members, or vote by the amount of coins, this this is not possible. So, the thesis here is that in order to enable the sustainable growth of the ecosystem, yes, I mean at the foundation of our civilization, we have two things: we have governance and finance. With Bitcoin we already have sorted out finance. I wouldn’t say it’s fully solved, or not, but we want to focus on governance. And that’s the innovation we are bringing. Like I said, there are many, many competing and exciting projects. I’m really looking forward to some ZK stuff. It’s more challenging. So, we, our security model is based on MPC, then recent breakthroughs in MPC’s. And like I said, we are very happy to say that we are the only one that is going to be zero trust protocol. But there are many, many others, and I think the competition will be healthy here because we will be able to Look at these other solutions and improve. So, on the user base, I’m really looking for more projects that will build this on the higher stack, the new account abstraction solutions. And I think user-based applications will come to the market very, very soon, with much better experience than we have today.
Frankie (CGV)
The big improvement or innovation about the scalability and the smart contract functionality. This scalability can be addressed through layer two solutions, like ZuluEVM (formerly ZuluPrime), acting as layer 2 on Bitcoin with EVM compatibility and some other layer to BEVM, Bsquare network, Merlin, they can also expand bitcoins functionality. I think Bitcoin holders in the long term only have few options to unleash their power, in Bitcoin summer or people. Now they can have their own native way to do that to unleash their own power and to stake to generate some yield. That’s the biggest innovation in the Bitcoin ecosystem.
Luke (Zulu Network)
So you think scalability and programmability brought to Bitcoin via layer twos is what you find to be the biggest area improvement. The next question builds off of what we were just talking about: what are the Bitcoin projects that you’re most bullish on and why?
Elaine (Waterdrip/Satoshi Lab)
I’m bullish on the Solv Protocol because soft protocol now they have two narratives. First, they are also doing, become CeFi as I mentioned before, they can. They can provide many like wrapped Bitcoin assets such as WBTC, native Bitcoin, or like Merlin BTC. Because there are so many Bitcoin layer twos, and most of the Bitcoin layer twos are doing wrapped Bitcoin and how when the wrapped becomes generated, how to provide this kind of assets yield? So, Solv Protocol is doing this kind of solution. They provide most of this wrapped Bitcoin access and they help them to do the asset management use different strategies most of use the centralized asset management institutions strategy, such as defi or arbitrage. So it is a more suitable and very stable APY. And how they constitute Bitcoin is using different solutions such as using Cobo, so this kind of MPC to keep safety, and now their TVL already reached almost 1.2 billion, so it’s moving very fast. And the 2nd narrative is that they are also doing RWA because we have seen that Black Rock is the is the biggest asset management institution in the world. So even Black Rock also cares very much about the RWA track. So they will bring the stable coin to generate more yields and also mint other assets, for US T-bills, they can mint it on chain and also provide USDT or USDC, this kind of stable coin. So I think in the future these kinds of big institutions, they will use Bitcoin to issue some traditional ETF to be minted on chain and then also give yield to the crypto users. So I think Solv protocol’s narrative is good. And I am still very bullish bitcoin layer 2, because I think bitcoin layer two is very fundamental infrastructure. Because I think most of the layer one assets such as BRC20, runes protocol assets, are still generated on the layer one, but after the degens or traders trade it, they don’t have other use. But if we can move these assets to layer two and use layer two protocols defi protocols such as lending or perpetual protocol or DEX, it can offer a variety of options for the users or the traders to trade. For this kind of layer one BRC 20 assets they can have more utility. So I think bitcoin layer 2 is still the biggest fundamental investment thesis for us. As for the competitors, we have seen different players here. More than 10 players came out. As for the Merlin chain, I still have yet to see many users building there, but I am one of the very active users using Merlin chain eco projects. Their ecosystem projects are already very mature. They have more than 30 plus projects in the ecosystem. So I’m still very bullish on the Merlin chain. And I think before the tokenomics the dumping power is strong. For the token price, maybe many people are not very satisfied, but for the ecosystem, I still think it’s very good. So I will mention these two protocols. Thank you.
Robert (Bitcosm/Native Network)
Yes, I agree with you in general about the layer two landscape. I mean obviously I need to say that mostly bullish about Bitcoin Native for few reasons, because firstly, it’s like the very first protocol with Zero trust, meaning no bridge. So you have no custody, no multisig, and no wrapping, no token bridging. That’s very, very unique and that’s only possible with the latest innovation from last year in the MPC World (multi party computation). So that’s obviously a big, big win for institutions because they don’t have concerns that they do some potential tax activity when they swap tokens. And this is actually what’s happening when you bridge; you lock on bridge one or you can lock on one side of the bridge and you mint new token on other side of the bridge. The price can diverge, as this is a different token. If you see on exchanges, let’s say USDC on Ethereum and USDC-ETH on Polygon, different tokens. USDC on Ethereum and wormhole USDC on Solana, Again, different tokens, and then on Solana, for example, you have USDC wormhole, you have USDC Axelar, USDC native issued directly by circle. So that’s definitely a big win for the institutions. That firstly they don’t have a bridge risk, and second, they don’t have a problem of potential tax events. And the second one is, having in mind that we can reduce this risk to 0 while enabling interoperability, so programming then Bitcoin native assets. We can set up what I call a Bitcoin civilization. So the governance with new ways, and really this will unlock finance and social applications to the new levels. And as you said, if you are only able to, you mentioned I think 1%, if you are only in fact able to unlock 0.01, so 1%, that’s already great. And for that another project I would like to mention, I’m particularly interested in observing is Citrea because they are really innovating. They’re doing great engineering how to achieve good, trust minimized interoperability, but with zero knowledge. I think that we are more at the forefront of MPC, they are more on the zero knowledge. There are pros and cons, notably with the bridge and different risks. But I really think that there’s so much innovation happening around the layer two that Citrea is really also worth looking at. Finally about the project I’m particularly bullish on and they are, I mean, I think I can’t say the name, but there are few institutions that are coming with new solutions for custody. And as we know, Bitcoin is the most adopted asset in the institutions: anything is close to 0 compared to Bitcoin. If you talk about institutional adoption, you have a Bitcoin, then a big, big, big gap. Then ETH, then another big gap, and then some other coins if any. So this market is deep and if you go to institutions, how do I hold, how do I manage it? Everyone’s asking about it if you want to import something new.
Frankie (CGV)
For layer two projects yeah, of course, Zulu. But besides Zulu, I’m bullish on Babylon. And I say that because they allow you to take your bitcoin and stake it to generate value, generate yield, using Bitcoin as collateral. If you are a Bitcoin layer two, you need to engage in this ecosystem to get staking.
Luke (Zulu Network)
Very good points. Thanks everyone for those recommendations and where you see potential in the Bitcoin system. So again, still diving into the topic of Bitcoin innovation, how can projects, like Zulu network, take initiative and accelerate Bitcoin scaling capabilities while still preserving its decentralization?
Frankie (CGV)
So Zulu and Layer twos, what they can do? I think the first transactions and additional features with the Bitcoin mainnet and I think that this introduce solutions to incentivize and encouraging investor participation. Zulu also developed the dual layer architecture that prioritizes EVM compatibility to allow developers to build smart contracts on Bitcoin. And then Zulu’s layer three solution, ZuluChain (formerly ZuluNexus), can focus on Bitcoin native format innovations. So that’s the innovations and scaling we see coming to Bitcoin and the reasons why we invested in Zulu.
Robert (Bitcosm/Native Network)
So if you talk about decentralization we need to bear in mind that decentralization has many dimensions. As we can talk about decentralization from the community perspective, network validator perspectives, token perspectives, and eligibility and how users can have community around it. But then who and how can use it? So if you have this in mind for community, as we need to work with community, of course. So to assure users in the decentralization of the community is to be sure that we can really serve the values of the community, what the community wants. I think the Zulu perspective of having a direct Integration with UTXOs, so having that seamless interoperability, is very, very interesting and that both users and developers will like it, at this would drive me. What would really make sense for me in this narrative then, from the validators of course this is very important, if you talk about layer twos that have a centralized validator set or maybe more specifically the centralized block Producer set. Why this is important? It’s important for two reasons. One, censorship. While the validators are censored sooner or later the transaction will be processed. Another reason is the economic activities, who and how would like to promote certain transactions, MEV, and so on. And also the reliability of the of the network; imagine that you have a single sequencer and it goes down. That’s what happened last week. And the whole network stops. We have seen it with Ethereum, we have seen it with Solana, which is including the validators, which are pretty decentralized. But the network is not reliable to handle that level of decentralization and speed. And finally, token decentralization. So many people want to say, OK, yes, we have the centralized protocol because we do a big airdrop, a community airdrop. From the very beginning, since 2016 or well, when did we have the airdrops? 2019? I think something like that. I didn’t see any sense. It took me a lot of time to actually see some sense in the airdrops, we’re just giving away free money. We should incentivize rather than giving it away. People were explaining this to me: this is for assuring decentralization, that they are reducing the legal risk, onboarding the community. And I was always asking the same question to everyone who I was talking about with air drops: is this the right target? This is really hard to measure. So if your goal with this, I would say fake, decentralization, is to build up momentum, Then yes, that’s the perfect. You target the market speculators. But bear in mind, most of the people in crypto today, they have crypto in a centralized exchange. So what is the user base actually you are targeting? Diligent speculators that will most likely sell the tokens on the 1st drop, like yesterday, I guess. So free token, easy come, easy go. So we need to be more aware about these mechanisms, how we want to assure the decentralization of the token. I don’t know what you guys are thinking about. I mean the airdrop has to be there anyway, our community requires it. If you don’t do air drops, you will get backlash. So in my opinion, that’s a thing that we have to guarantee but I think that a good airdrop is not that simple, right? It’s not just giving away for stakers, for some communities, random wallets, or points. So it what I really want to promote for the token decentralization, the airdops are important, but we need to think long term. Not like now, So OK, we announce this is the program. OK, done. And then we do this airdrop like recently, let’s say zksync or in the past Stacks, that people were trying to farm, guessing who and how will get the points and then when those rules are announced then we have a crisis, because it will be always like that, some people will agree, some people will disagree. We need to start defining what is the proper target from the beginning and then once we have a target we can set those rules and communicate them. This is the right way. If you define the end drop, post after your launch after the activity and you will always have people that are satisfied and dissatisfied because you didn’t define your target. People had huge expectations. And those expectations won’t be met at some point. So, this is what I want to highlight for decentralization, specifically community and token decentralization. There’s a lot of work to do and I think we can easily improve the status quo.
Elaine (Waterdrip/Satoshi Lab)
I think nowadays for Bitcoin ecosystem, bitcoin layer twos competitors are very aggressive. For Zulu, I think the marketing position has to be different because before, TVL campaigns already were the consensus for many bitcoin layer twos, but many TVL numbers may be fake. So I believe that Zulu can be the first layer two maybe can choose different path because, although it’s very important. providing a good user experience for defi protocols is much more important, such as less slippage, and also other apps like stable coin protocol. Moreover, how you can buy, how you can work your different solution with other competitors and how you can keep the security of the Bitcoin holders? I think most of the bitcoin OGs or whales care deeply about the security problem, so I think they can put more emphasis on this to be different with other their bitcoin layer twos. Most of the bitcoin layer twos I know, their solution is to use a multi signature. So it already it looks very decentralized but still have the problem about being attacked. I think sometimes many people discuss about BitVM, OP_CAT, or JSON smart contract solutions. I’m also looking forward this kind of so-called virtual machine solution to come out in the future because before, many people still thought that Bitcoin layer one can’t do smart contracts right? So many developers are still doing all that. So we’re looking forward to how we can achieve this. And so for bitcoin layer twos, they will also have to combine this kind of solution to provide more safety.
Luke (Zulu Network)
Yeah, appreciate the advice. I mean, all that’s going to be extremely relevant as we’re as we’re building out and launching Zulu network. So thanks everyone for your free advice there. Next question, what kind of advancements in cryptography, consensus mechanism, these protocol and technological kinds of things, what are you watching? Do you think have the potential to change the landscape for Bitcoin projects in the future?
Elaine (Waterdrip/Satoshi Lab)
Yeah, as I mentioned just before, so BitVM and OP_CAT. I think not most of the Bitcoin developers are discussing how should we cover OP_CAT, or how we can to solve the problem of smart contracts on bitcoin. So it takes long time. I know the ZK work load is very heavy, and the co-developers of BitVM are still moving on that, but it seems that it takes a long time. But I think it’s still very innovative, and it can really work out. So for the whole Bitcoin ecosystem, it can move very fast. And the second thing I’ve seen is that if we are doing bitcoin defi, the atomic swap solution is very useful owing to bitcoin’s UTXO model. So now that I’ve seen that there’s several native solutions. The pure double chain are moving into the Bitcoin layer two, because they are natively compatible with the Bitcoin layer one, owing to the fact that their UTXO model. Through their atomic swap they can natively be compatible with a layer one AMM, DEX, or swap. I think this is very useful now that I’ve seen a solution that can do this on layer one.
Robert (Bitcosm/Native Network)
I think we have the two verticals how Bitcoin develops, right? So I think most of the innovation is really in layer two space, because Bitcoin is traditionally very conservative. Just look how long the drama was around Bitcoin, Bitcoin Satoshi vision, and Bitcoin Cash and so on. Maybe not a drama, but, a simple change here, it’s not that complex, but there was no agreement for many, many months. So essentially you see if you observe what is Bitcoin? And if you think that Bitcoin is not the Bitcoin currency with the high market valuation right then you clearly see that the validated community or the network in general. See that as no original Satoshi Vision, where we want to assure that that the chain is the centralized, easy to validate, so we don’t want to take the trade-offs where we want to sacrifice either the centralization, security or a validation perspective. So with that in mind, I want to say that most of the innovations I think will happen are happening under layer 2 space. And this is what I’m looking at. Me personally on the layer one space, zero Knowledge is very hot, and was particularly hot last year and two years ago, so it will be very advantageous how we can integrate some primitives to Bitcoin. However, realistically I think it will take time. I’m not sure if that outcome is that way to go. I don’t know. Maybe there will be new ones. I think that now we have market pressure. There is this new bounty from Starkware to research into that area how we can develop an efficient way, how we can enable the zero knowledge validation for Bitcoin without sacrificing decentralization. So that’s definitely very interesting. And I guess innovation will happen there on the, on the layer one, but it will take time and in the meantime. We’ll see many solutions coming up this year in Layer 2.
Frankie (CGV)
Yeah. Actually, some advances in MPC maybe actually hold of things. Because advances in Cryptography are bullish maybe everything in crypto and blockchain. Homomorphic encryption is one area in particular. I think it can be device based, and maybe enable some transactions and capital flows without leaking sensitive financial information, and it may also become one of the effective ways to solve the difficult math problems. Also maybe watching games, pushing games, maybe it’s not very green this cycle, but before the cycle, significant capital there focus on the watching games and keep their eye on them and especially can ensure that data such as players, goals and game progress on. This data can be protected and incredibly, we are allowing game logic to run on the chain without exposing data, which enhances the fairness and security of the game. Finally, AI is the most gracious in this cycle in the AI field. If this can allow some correct data to be analyzed and model trade, it can not only protect the data privacy but also promote some cross institutional data sharing and cooperation. So, yeah, that’s something I’m currently watching. I think maybe they have the potential to change the scope for Bitcoin projects in the future.
Luke (Zulu Network)
Wonderful. Thanks everyone. I had so many more questions I wanted to ask the group here, but we’re running out of time. So I’m just going to skip ahead to the last one, then we’ll wrap it up after that. As 2 VC’s and then also an entrepreneur, what is one piece of contrary or unpopular advice that you would offer a Bitcoin startup at this stage?
Frankie (CGV)
So wow, one piece of contrary advice and offer maybe is to focus on building and build actually beautifully. You can do some marketing first, but in the Bitcoin ecosystem, you need to build first like unit size like some other group projects in this cycle and then build the Unicorn. I think they can build their own product and build their community and build their ecosystem, then they can become their own Unicorn and see the revenue appear. Marketing, yeah, maybe it’s important but you need to build a product first, and you need to you need to generate or educate a good community in your project so that you can attract more users and investors to become the top.
Elaine (Waterdrip/Satoshi Lab)
As for myself, I think the critical thing here for the layer twos is you have to find the most valuable first 100 users from your side. Just take Merlin Chain as an example: the founders and the team, they are very involved with the community. So most of the community users, when there’s any questions, they’re online chatting and will respond very quickly. So from the beginning they got very important key persons, and all they got these key users to use and to buy their assets, and then when the community getting stronger, the first 100 users will help to promote for them independently, and just they just become free promoters for the project. So I this is the first advice I like to give: I think this first 100 users is very important for the beginning. And the 2nd is for the VC’s in the least form. This is the I think the technique of course takes very important. A portion of the projects, but for the operation side, it also very placed a very important role. So you can do many partnerships to exchange for the users traffic. So I’ve seen that Zulu already did a very good job because we have very strong. Partnership with other third party. So just so I think this is doing good because uh, good partnership can bring value from each other and also I think you for doing the some quest so for the for the Co community members they can try. To help to test some data is very important. So we have seen like Galaxy this kind of platform are very important because it can bring also very many valuable data or very users. So and for the third part I think what you can attract for the VC’s is how you how a good story you tell to the market because now for the good market is how you can attract attention from. For the market, so I think, uh, I think a good narrative have to. With have to have a strong like CEO’s or founders who can promote yourself very, very aggressively or and you can also join some public events such as like they call Asia or something. Because national in the US will also come out soon. So I think this public event is also a good way to share what’s your narrative and how you you’re going to be different from other competitors. So yeah that’s from my side.
Robert (Bitcosm/Native Network)
Oh yeah, absolutely. I mean, the first one, of course, is about the edge of what I was highlighting work with the community. Give them give them the insight, prepare what’s what will be your objective, make sure that whatever Azure you implement will follow that objective. Define your customer or your base for their. Job. So that’s number one. Number two is look at the project. Ther are so many interesting projects there, Zulu is one, of course Go Native is another one. There’s so many things happening around so many of them are at the very early stage, right. But I guess the Bitcoin community was kind of stagnant in terms of the innovation. This year actually we will provide the money and the product or the infrastructure layers, like Zulu, but also like new projects; building directly adapts. It would be great to show how we can, in the best way, present that to the existing community. Maybe he doesn’t have that experience yet. And provide them that experience. So I’m really excited to see how many projects will do it. And this is a big opportunity, to onboard users or for existing users who didn’t have a good chance actually to use the apps on the Bitcoin Main-net.
Luke (Zulu Network)
All right, folks, to hear. You heard it here first. Big thanks to our guests for taking the time and sharing their insight and to our listeners, you appreciate taking the time to join us. I encourage you guys to follow the Twitter accounts of everybody here to find out about anymore events like this happening in the future with Zulu network. We will be hosting more spaces like this, including one actually in just about I think like 18 hours. So if you’re around you have time, please do join to that one as well. You once again, big thanks to everyone who came out. And we’ll see you next time.
About Zulu Network
⛓️ Zulu Network is a new class of Bitcoin Layer 2 to move the Bitcoin economy forward, empowering the Bitcoin ecosystem through exciting innovations. Zulu is the first Bitcoin Layer 2 to achieve Bitcoin-level security using BitVM2, enabling developers to seamlessly deploy dApps on both EVM & UTXO layers.
🌉 Zulu is a recognized key contributor to BitVM, poised to launch the first trust-minimized Bitcoin bridge. Join their 755k+ users and start earning and shaping the future on Bitcoin with Zulu
🏦 Leading Investors: Draper Dragon, CGV, Web3.com Ventures, BlueRun Ventures (CN), Ledger Capital, among others.
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