The Dai Lo Announces Acquisition of Fractal Network

[PRESS RELEASE – Denver, USA, December 2nd, 2024]

Dai Lo is thrilled to announce the profitable acquisition of Fractal, which marks a pivotal second for the way forward for blockchain expertise and privateness innovation. After months of strategic discussions, the acquisition, accomplished for an undisclosed quantity, positions The Dai Lo to harness Fractal’s groundbreaking ZK expertise and revitalize its imaginative and prescient for the long run.

The acquisition encompasses Fractal’s strong expertise portfolio, token reserves, mental property, and, most significantly, its devoted group. By integrating these belongings, The Dai Lo goals to broaden upon the distinctive work initiated by Fractal’s founders and ship transformative options.

Fractal ought to be a part of each expertise stack in DeFi, AI, and others on each chain attainable. Privateness is a killer app and ought to be an choice on each software on each chain. Fractal goals for use all over the place” – Gary Mitchell.

A Strategic Imaginative and prescient for Fractal

Earlier this 12 months, The Dai Lo launched into a journey to discover groundbreaking tasks within the Bitcoin, UTXO, BRC20, and Runes ecosystems. Fractal stood out as a challenge with immense potential however lacked the momentum to comprehend it absolutely.

Whereas Fractal demonstrated the capability to function as an unbiased Layer 1 (L1) or Layer 2 (L2) platform, its best worth lies in serving as a foundational element for broader ecosystems, bridging blockchain and conventional Web2 functions. With privateness as a core focus, Fractal’s expertise is uniquely positioned to redefine the market.

“It’s our perception that this challenge might obtain a $1 billion market cap or extra,” stated Gary Mitchell, The Dai Lo’s unofficial chief. “Our mission is to comprehend that potential and construct a future the place privateness is prioritized and celebrated.”

Meet The Dai Lo

The Dai Lo is a group of transformation specialists dedicated to figuring out undervalued tasks and driving them to success.

• Gary Mitchell (@GuyGaryMitchell): A startup veteran keen about innovation, Mitchell brings a wealth of expertise from the Ethereum, Cardano, and Solana ecosystems and can dedicate his focus completely to Fractal.
• Yeolin Han (@_yeonglihan): A coding prodigy with experience in UTXO chains and the RGBPP area, Han’s technical acumen will probably be instrumental in unlocking Fractal’s full potential.
• And a group of about 10 builders with experience in AI, ZK, and different associated applied sciences.

The Path Ahead

Revitalizing Fractal’s group is the group’s prime precedence. Acknowledging frustrations from previous mismanagement, The Dai Lo is dedicated to rebuilding belief, bettering transparency, and increasing the group with new supporters who align with the challenge’s imaginative and prescient.

In tandem, the group is revisiting branding to return to Fractal’s roots as a privacy-focused challenge. With cutting-edge zero-knowledge expertise within the pipeline, the long-term aim is to make Fractal scalable, dependable, and user-friendly.

“Privateness isn’t only a function—it’s the inspiration,” stated Yeolin Han. “Fractal will empower customers to determine what stays public and what stays non-public, revolutionizing on-chain transaction privateness.”

Moreover, “Fractal ought to be a part of each expertise stack in DeFi, AI, and others on each chain attainable. Privateness is a killer app and ought to be an choice on each software on each chain. Fractal goals for use all over the place” stated Gary Mitchell.

Acknowledgments and Trying Forward

With the dissolution of Discreet Labs, the group behind Fractal, The Dai Lo expresses its gratitude to all contributors who laid the groundwork for this acquisition. Particular thanks go to Sam Harrison for his instrumental position in finalizing the deal.

The Dai Lo is happy to usher in a brand new period for Fractal, with bold plans to raise the challenge to unprecedented heights. The group invitations the group to affix them in shaping the way forward for $FRA and blockchain innovation.

About Fractal Community

Fractal Network is a multi-layer community dedicated to making use of zero-knowledge cryptography at each stage of the Web3 stack. Our expertise powers secured DeFi, asset tokenization, on-chain identification, non-public transactions, and extra. By means of utilized zero-knowledge encryption, Fractal is making a safe on-chain surroundings for all of Web3. Be part of our group on X, Telegram, or Farcaster to be taught extra.