a16z leads $100 million raise for web3 privacy firm Aztec Network
Aztec Network, a firm that aims to encrypt the Ethereum blockchain, raised $100 million in Series B funding led by a16z. The privacy-focused web3 firm Aztec Network raised $100 million in Series B funding led by the web3 investment firm a16z. Aztec aims to fully encrypt the Ethereum blockchain to add more privacy and reduce computational redundancy. The firm will use the fresh raise to develop encrypted architecture that lets individuals properly use blockchains without exposing identifying information. In addition, Aztec intends to double its current team of 40 people, the co-founders told TechCrunch. obviating the need for centralized financial systems.
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