The Dai Lo acquires Fractal Network to drive blockchain technology and privacy innovation

From Investing.com

December 2, 2024 3:00 PM:

The Dai Lo acquires Fractal in a significant move for blockchain technology and privacy innovation. The undisclosed acquisition includes Fractal’s technology, intellectual property, and community, aiming to expand on Fractal’s work and deliver transformative solutions. Fractal aims to be integrated into various technology stacks and prioritize privacy as a core feature.

The Dai Lo sees Fractal as a foundational component for broader ecosystems, bridging blockchain and traditional Web2 applications with a focus on privacy. Fractal’s technology is positioned to redefine the market and achieve a $1 billion market cap or more. The Dai Lo is dedicated to realizing this potential and prioritizing privacy in the future.

The Dai Lo is a team of transformation specialists focused on identifying undervalued projects and driving them to success. Led by Gary Mitchell and Yeolin Han, the team aims to unlock Fractal’s potential in the DeFi, AI, and other ecosystems. The team is committed to revitalizing Fractal’s community, improving transparency, and making the project scalable, reliable, and user-friendly.

With the acquisition of Fractal from Discreet Labs, The Dai Lo expresses gratitude to all contributors and looks forward to elevating the project to new heights. The team invites the community to join them in shaping the future of $FRA and blockchain innovation. Fractal Network is a multi-layer network applying zero-knowledge cryptography across the Web3 stack to create a secure on-chain environment for various applications.

Read more at Investing.com: The Dai Lo Announces Acquisition of Fractal Network By Chainwire