{"id":25241,"date":"2024-12-03T07:05:58","date_gmt":"2024-12-03T07:05:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25241"},"modified":"2024-12-03T07:05:58","modified_gmt":"2024-12-03T07:05:58","slug":"the-dai-lo-announces-acquisition-of-fractal-network","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25241","title":{"rendered":"The Dai Lo Announces Acquisition of Fractal Network"},"content":{"rendered":"

[PRESS RELEASE \u2013 Denver, USA, December 2nd, 2024]<\/strong><\/p>\n

Dai Lo\u00a0is thrilled to announce the successful acquisition of\u00a0Fractal<\/a>, 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\u2019s groundbreaking ZK technology and revitalize its vision for the future.<\/p>\n

The acquisition encompasses Fractal\u2019s 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\u2019s founders and deliver transformative solutions.<\/p>\n

Fractal should be part of every technology stack in DeFi, AI, and others on every chain possible. Privacy is a killer app and should be an option on every application on every chain. Fractal aims to be used everywhere\u201d \u2013 Gary Mitchell.<\/p>\n

A Strategic Vision for Fractal<\/strong><\/p>\n

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.<\/p>\n

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\u2019s technology is uniquely positioned to redefine the market.<\/p>\n

\u201cIt\u2019s our belief that this project could achieve a $1 billion market cap or more,\u201d said Gary Mitchell, The Dai Lo\u2019s unofficial leader. \u201cOur mission is to realize that potential and build a future where privacy is prioritized and celebrated.\u201d<\/p>\n

Meet The Dai Lo<\/strong><\/p>\n

The Dai Lo is a team of transformation specialists committed to identifying undervalued projects and driving them to success.<\/p>\n

Gary Mitchell (@GuyGaryMitchell<\/a>): A startup veteran passionate about innovation, Mitchell brings a wealth of experience from the Ethereum, Cardano, and Solana ecosystems and will dedicate his focus entirely to Fractal.
\nYeolin Han (@_yeonglihan<\/a>): A coding prodigy with expertise in UTXO chains and the RGBPP space, Han\u2019s technical acumen will be instrumental in unlocking Fractal\u2019s full potential.
\nAnd a team of about 10 developers with expertise in AI, ZK, and other related technologies.<\/p>\n

The Path Forward<\/strong><\/p>\n

Revitalizing Fractal\u2019s community is the team\u2019s 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\u2019s vision.<\/p>\n

In tandem, the team is revisiting branding to return to Fractal\u2019s 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.<\/p>\n

\u201cPrivacy isn\u2019t just a feature\u2014it\u2019s the foundation,\u201d said Yeolin Han. \u201cFractal will empower users to decide what remains public and what stays private, revolutionizing on-chain transaction privacy.\u201d<\/p>\n

Additionally, \u201cFractal should be part of every technology stack in DeFi, AI, and others on every chain possible. Privacy is a killer app and should be an option on every application on every chain. Fractal aims to be used everywhere\u201d said Gary Mitchell.<\/p>\n

Acknowledgments and Looking Ahead<\/strong><\/p>\n

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.<\/p>\n

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.<\/p>\n

About Fractal Network<\/strong><\/p>\n

Fractal Network<\/a> 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.<\/p>\n

The post The Dai Lo Announces Acquisition of Fractal Network<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Denver, USA, December 2nd, 2024] Dai Lo\u00a0is thrilled to announce the successful acquisition of\u00a0Fractal, 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\u2019s groundbreaking ZK technology and revitalize […]<\/p>\n","protected":false},"author":0,"featured_media":25242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25241"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25241"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25242"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}