Major Development: Privacy-Focused Public Chain Aleph Zero to Launch EVM-Compatible Mainnet in August, Strengthening the Web3 Privacy Ecosystem

According to industry sources, Aleph Zero raised $1.5 million in seed funding on January 28, 2022. Investors in this round include GenBlock Capital, PetRock Capital, Master Ventures, JUN Capital, Node Kapital, BlockUnify, Black Dragon Capital, block54.capital, Supernova Fund, RR2 Capital, among others. Following this round, Aleph Zero's total funding reached $1.5 million.Aleph Zero is a public blockchain project based on an innovative, peer-reviewed Directed Acyclic Graph (DAG) and Proof-of-Stake (PoS) consensus mechanism, featuring enhanced privacy protection. The project leverages the Substrate framework for interoperability and incorporates a privacy architecture based on ZK-SNARKs cryptography and Secure Multi-Party Computation (sMPC). The protocol aims to provide privacy-preserving distributed ledger technology (DLT) solutions to address existing infrastructure barriers in ESG, automotive, Internet of Things (IoT), and healthcare sectors.Notably, Aleph Zero has continued its development post-funding. In January 2022, its native token AZERO was listed on major exchanges. On April 18, 2023, Aleph Zero launched a $50 million ecosystem fund initiative, underscoring its ongoing commitment to ecosystem growth and injecting new momentum into the blockchain privacy sector.