Zeus Network completes $8 million financing with a valuation of $100 million, led by Mechanism Capital

ChainCatcher news, according to The Block, the Solana ecosystem cross-chain communication network Zeus Network announced the completion of an $8 million financing at a valuation of $100 million, led by Mechanism Capital, with participation from OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap, and The Spartan Group. Angel investors including Solana co-founder Anatoly Yakovenko, Stacks co-founder Muneeb Ali, and Mechanism Capital founder Andrew Kang also participated in this round of financing.

Zeus Network founder and CEO Justin Wang stated that this round of financing takes the form of a Simple Agreement for Future Tokens (SAFT).