Dai Lo is thrilled to announce the successful acquisition of Fractal, which marks a pivotal moment for the future of blockchain technology and privacy innovation. After months of strategic discussions, the acquisition, completed for an undisclosed amount, positions The Dai Lo to harness Fractal’s groundbreaking ZK technology and revitalize its vision for the future.
The acquisition encompasses Fractal’s robust technology portfolio, token reserves, intellectual property, and, most importantly, its dedicated community. By integrating these assets, The Dai Lo aims to expand upon the exceptional work initiated by Fractal’s founders and deliver transformative solutions.
Earlier this year, The Dai Lo embarked on a journey to explore groundbreaking projects in the Bitcoin, UTXO, BRC20, and Runes ecosystems. Fractal stood out as a project with immense potential but lacked the momentum to realize it fully.
While Fractal demonstrated the capacity to operate as an independent Layer 1 (L1) or Layer 2 (L2) platform, its greatest value lies in serving as a foundational component for broader ecosystems, bridging blockchain and traditional Web2 applications. With privacy as a core focus, Fractal’s technology is uniquely positioned to redefine the market.
The Dai Lo is a team of transformation specialists committed to identifying undervalued projects and driving them to success.
Revitalizing Fractal’s community is the team’s top priority. Acknowledging frustrations from past mismanagement, The Dai Lo is committed to rebuilding trust, improving transparency, and expanding the community with new supporters who align with the project’s vision.
In tandem, the team is revisiting branding to return to Fractal’s roots as a privacy-focused project. With cutting-edge zero-knowledge technology in the pipeline, the long-term goal is to make Fractal scalable, reliable, and user-friendly.
With the dissolution of Discreet Labs, the organization behind Fractal, The Dai Lo expresses its gratitude to all contributors who laid the groundwork for this acquisition. Special thanks go to Sam Harrison for his instrumental role in finalizing the deal.
The Dai Lo is excited to usher in a new era for Fractal, with ambitious plans to elevate the project to unprecedented heights. The team invites the community to join them in shaping the future of $FRA and blockchain innovation.
About Fractal Network
Fractal Network is a multi-layer network committed to applying zero-knowledge cryptography at every level of the Web3 stack. Our technology powers secured DeFi, asset tokenization, on-chain identity, private transactions, and more. Through applied zero-knowledge encryption, Fractal is creating a secure on-chain environment for all of Web3. Join our community on X, Telegram, or Farcaster to learn more.
ContactContributorGary MitchellFractalmarketing@fra.tech
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
