In early March 2025, decentralized data infrastructure project DoubleZero announced it had successfully raised $28 million in funding, valuing the company at $400 million. This significant investment underscores the growing interest in solutions that address blockchain's fundamental challenges: scalability and efficiency.
What is DoubleZero?
DoubleZero is developing a decentralized data infrastructure designed to optimize data transmission performance across blockchain networks. The project focuses on improving data throughput and reducing latency—two critical factors that impact blockchain scalability and user experience in the Web3 ecosystem.
The DoubleZero network operates on an open bandwidth contribution model, encouraging users to share their excess bandwidth resources. Participants are rewarded through a contribution-based incentive mechanism, creating a sustainable ecosystem where network expansion is driven by community participation.
Technical Architecture
DoubleZero's innovation lies in its two-layer network structure:
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Ingress/Egress Layer (Outer Ring): This layer manages external connections and network security. It employs specialized hardware like FPGA to prevent DDoS attacks, authenticate digital signatures, and filter duplicate transactions.
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Data Flow Layer (Inner Ring): This layer focuses on internal data stream optimization, ensuring efficient communication between validators through dedicated bandwidth channels.
How DoubleZero Works
Resource Provisioning Model
DoubleZero transforms idle bandwidth into a profitable asset. Users, businesses, and organizations can contribute their excess bandwidth to the network, earning rewards through the platform's incentive mechanism. This creates a new revenue stream while utilizing otherwise wasted resources.
Network Usage Model
For blockchain networks, dApps, games, and AI systems requiring high-speed, low-latency connections, DoubleZero provides enterprise-grade infrastructure similar to private networks but at a fraction of the cost. The platform creates a sharing economy where both resource providers and network users benefit.
The Team Behind DoubleZero
DoubleZero is led by three experienced founders:
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Austin Federa: Co-founder and Operations Director, previously Strategy Director at Solana Foundation
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Andrew McConnell: Co-founder and Technology Director, leading the development of DoubleZero's open-source protocol and network techniques
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Nihar Shah: Co-founder and Economics Director, former Data Science Director at Mysten Labs and worked at Jump Crypto and Meta (Libra/Diem)
Investors
In their March 6, 2025, private token sale, DoubleZero secured $28 million from prominent investors including:
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DragonFly Capital
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Multicoin Capital
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GSR
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MH Ventures
Future Outlook
DoubleZero's funding round marks a significant milestone in its mission to revolutionize blockchain infrastructure. With its innovative approach to bandwidth utilization and decentralized network architecture, the project positions itself as a potential game-changer in the Web3 space.
As blockchain networks continue to scale and adopt more complex applications, solutions like DoubleZero become increasingly vital. The combination of technical innovation, economic incentives, and strong backing from industry leaders suggests DoubleZero is well-positioned to make substantial contributions to the blockchain ecosystem.
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