What is ZETA

1. Project Introduction
ZetaChain (ZETA) is a Layer 1 blockchain with built-in cross-chain interoperability. It is EVM-compatible and allows users and developers to enable full-chain, universal smart contracts and messaging across any chain, including non-smart contract chains like BTC and Doge. Built using the Cosmos SDK and powered by the Tendermint consensus mechanism, developers can create full-chain decentralized applications (dApps) from a single point using ZetaChain's toolset. ZetaChain's growing ecosystem spans various sectors, including DeFi, infrastructure, wallets, and social platforms. As of August 2024, over 270 distributed applications (dApps) have been deployed on ZetaChain, with over 3.6 million mainnet users. Summary: ZetaChain's cross-chain interoperability and full-chain smart contracts enable native interactions across different blockchains, allowing for direct management and use of multi-chain assets. This simplifies the development process for dApps and enhances flexibility. The launch of ZetaChain marks a significant step in blockchain technology development.
2. Team & Investment Info
The ZetaChain team consists of seasoned veterans from the blockchain industry, with extensive entrepreneurial and development experience. Founder Ankur Nandwani was a former Chief Product Manager and Head of Consumer Products at Coinbase. He was a founding member of the Coinbase Wallet, growth, and marketing teams, and one of the creators of BAT. Other core team members include Dennis Fadeev, former Head of Developer Relations at Ignite, and Brandon Truong, co-founder and current Product Manager at Yada (acquired).
Funding: In August 2023, ZetaChain completed a $27 million equity financing round, with participation from Blockchain.com, Human Capital, VY Capital, and Yunqi Capital, bringing its valuation to $300 million. Previous rounds included a $1.05 million seed round with a valuation of $25 million, followed by a $26.3 million round with a valuation of $500 million.
3. Social Media URLs
X: https://x.com/zetablockchain
Telegram: https://t.me/zetachainofficial
Discord: https://discord.com/invite/zetachain
4. Token Info
Token Symbol: ZETA
Total Supply: 2,100,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xf091867ec603a6628ed83d274e835539d82e9cc8
Token Distribution:
User Growth Pool: 10%
Liquidity Incentives: 2%
Ecosystem Growth Fund: 12%
Core Contributors: 15%
Purchasers: 16%
Protocol Treasury: 35%
Validator Incentives: 10%
5. Related Links
Official Website: https://www.zetachain.com/
GitHub: https://github.com/zeta-chain
Other Info: https://www.zetachain.com/whitepaper.pdf