ZigZag founder plans to raise $500,000 in funding for their new project with a valuation of $10 million.

Odaily News: ZigZag, the founder of the Ethereum layer 2 ZK Rollup order book DEX, plans to raise $1 million for its new Perp DEX Invisible with a valuation of $10 million. This will be a public fundraising round, with a minimum investment of $10,000. The funds raised will be used for audits, ZK proof providers, and initial operational costs.



Invisible will be launched as a separate project, and a portion of the platform's tokens (at least 20%) will be unlocked and released to ZZ holders. The exchange will charge fees and generate revenue from the beginning, and all fees will ultimately belong to token holders.