Aleph Zero Launches Mainnet, Raises $14.8M for Platform Development
Aleph Zero, a Proof-of-Stake public blockchain specializing in private smart contracts, just launched its mainnet. Following a successful fundraising process, the team is looking to develop new standards in privacy-enhancing networks.
The first iteration of Aleph Zero’s Mainnet supports transactions with finalization times of 900 milliseconds and a cost per transaction that equals 0.0003 $AZERO (0.00003 USD at the public sale price). The initial circulating supply of $AZERO is 150’000’000 with a total supply of 300’000’000 and a fully diluted value of $30’000’000.
We consider this a major milestone on our near-four-year-long journey of building a new blockchain infrastructure.
Aleph Zero has reached a total of $14.8 million from pre-seed and seed funding rounds in addition to its most recent community and public token sales. Investors in Aleph Zero include Jun Capital, Genblock Capital, Supernova, PetRock Capital and individuals such as Gordon Cheung, partner at Epic Capital Healthcare, Joeri van Geelen, former Managing Partner APAC at Prysm Group, and Michael Guzik, CEO of CLST, a former partner at Blockchain Valley Ventures, and ex-Head Blockchain & Manager Digital Strategy at PwC also took part in the raise—alongside Maximiliano Torres, Head of Finance at 0x.
In the near future, Aleph Zero will raise an additional $500K through its fourth and final token sale which will be offered exclusively to a subset of public sale participants.
Cardinal and Nethermind to collaborate on Aleph Zero’s privacy layer, Liminal
We’re excited to announce that a new partner has joined the journey of developing the best-in-class privacy framework—Aleph Zero’s Liminal. Nethermind will join Cardinal Cryptography, Aleph Zero’s core research and development team, in efforts to further build out the ZK- and MPC-powered privacy layer. With prior work executed for the Ethereum Foundation, Starkware, Aave, and
Aleph Zero and Compliance: Why We Believe Dialogue is Important
The chatter around regulations and their impact on the blockchain space is growing to a fever pitch as it seems unavoidable that the rule of law will reach Web3. Let’s look at Aleph Zero’s approach toward compliance, its relationship with regulatory bodies, and what it means for the ecosystem’s future. Throughout the entirety of its