Aztec Network secures $100 million in Series B funding led by a16z
With the funds, Aztec Network plans to hire more engineers and build a new encrypted blockchain. The private layer-2 chain Aztec Network announced on Dec. 15 a $100 million Series B funding round led by venture capital firm a16z crypto. Other investors in the round include A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu, and AVG. By partnering with a16z, the company plans to hire new engineers and build a "next-generation encrypted architecture" that allows users to verify that Blockchain rules were followed without revealing any underlying information. Encrypted blockchains allow users to transact with privacy and anonymity. “What we’re building is a revolutionary piece of technology that transforms how we interact with each other online, in which the end user is the customer, rather than the product. End-to-end encrypted blockchains protect individuals, obviating the need for centralized financial systems.”, stated Aztec CEO Zac Williamson in an official an...