ZEC news: Paradigm, a16z, Winklevoss Capital, Balaji Srinivasan among investors in ZODL
Josh Swihart's Zcash Open Development Lab (ZODL) raised over $25 million in seed funding from major investors.Summary
The Zcash Open Development Lab (ZODL), a new development group formed by former core members of the Electric Coin Company (ECC), has secured over $25 million in seed funding. Key investors include Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, and Balaji Srinivasan. ZODL was founded by former ECC CEO Josh Swihart following a governance dispute that led the engineering team to resign from ECC. The capital will fund the expansion of Zcash protocol development and the continued work on Zodl, a self-custodial mobile wallet formerly known as Zashi, which has significantly increased activity in Zcash's shielded pool. ZODL aims to make private digital payments easier to use while ECC remains under the oversight of the Bootstrap nonprofit board.
(Source：CoinDesk)