DoubleZero is a project created by the original team from Jump Trading, with Dragonfly and Multicoin investing $28 million at a $400 million valuation. The team describes DoubleZero as not just a technical innovation, but a new economic model for bandwidth and communication.
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ToggleSolana丶Jump Trading Background Team DePin Startup
DoubleZero founder Austin Federa previously served as an executive at Solana and the Solana Foundation, while co-founder and CTO Andrew McConnell comes from Jump Trading. Chief Economist Nihar Shah is a Harvard economics PhD who previously worked at Jump Trading, Meta, and served as data science head at Sui. Community and marketing manager Eden Vander Zee also previously worked at Jump Trading. The Firedancer team is also listed as a contributor to DoubleZero.
The investment lineup includes Multicoin, which invested in Solana's seed round, renowned venture capital firm Dragonfly, market maker Wintermute, Solana Foundation Chair Lily Liu, and Monad founder Keone Hon.
How Large is the Fiber DePIN Market Imagination Space?
Jump Trading is one of the traditional trading giants, best known for prioritizing speed regardless of cost. They invest heavily in locations closest to signal sources and even lay submarine fiber optic cables connecting Tokyo and Chicago. DoubleZero uses incentive mechanisms to transform idle fiber into a dynamic and extensive network.
According to 2007 statistics, 65% of fiber in the United States is idle, with fiber coverage at 46% in the US and 70% in the EU. For contributors, joining DoubleZero does not increase costs. For the network, a disconnected link on the DoubleZero network could become a highly connected link, far exceeding its value when existing alone.
DoubleZero is improving distributed systems from the physical layer. These distributed systems include but are not limited to blockchain. Taking blockchain as an example, the physical network layer used by blockchain has hardly changed since Bitcoin's inception. However, RPC nodes, MEV systems, and even L2 can benefit from DoubleZero.
Beyond blockchain, content delivery networks (CDN), gaming applications, large language models (LLM), and enterprise users are also potential application scenarios:
- CDN (Content Delivery Network): Reduce self-built network barriers and costs, improve data transmission efficiency.
- Online Games: Reduce latency and jitter, enhance multiplayer game experience, decrease dependency on cloud service providers.
- Large Language Model Training: Quickly transfer training data between distributed GPU resources, accelerate model synchronization and training.
- Enterprise Needs: Provide more flexible, real-time high-bandwidth channels compared to traditional rentals, adapting to traffic fluctuation requirements.
Currently, DoubleZero is conducting a node public sale on CoinList, which is the first public sale open to qualified US investors since 2019.
Risk Warning
Cryptocurrency investment carries high risks, with potentially significant price volatility. You may lose all your principal. Please carefully assess the risks.
