The
Dai Lo Announces Acquisition
of Fractal
Network
The Dai Lo Announces Acquisition of Fractal Network
Denver, USA• Соединённые Штаты Америки (США), 2nd December 2024, Chainwire
By Chainwire
Dec 2, 2024 Dec 2, 2024
4 min read
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Denver, USA• Соединённые Штаты Америки (США), December 2nd, 2024, Chainwire
Dai Lo is thrilled to announce the successful acquisition of Fractal , which
marks a pivotal moment for the future of blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн technology and privacy
innovation. After months of strategic discussions, the acquisition, completed
for an undisclosed amount, positions The Dai Lo to harness Fractal’s
groundbreaking ZK technology and revitalize its vision for the future.
The acquisition encompasses Fractal’s 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’s founders and deliver transformative
solutions.
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” - Gary
Mitchell.
A Strategic Vision for Fractal
Earlier this year, The Dai Lo embarked on a journey to explore groundbreaking
projects in the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, UTXO, BRC20, and Runes ecosystems. Fractal stood out
as a project with immense potential but lacked the momentum to realize it
fully.
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• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн and
traditional Web2 applications. With privacy as a core focus, Fractal’s
technology is uniquely positioned to redefine the market.
“It’s our belief that this project could achieve a $1 billion market cap or
more,” said Gary Mitchell, The Dai Lo’s unofficial leader. “Our mission is to
realize that potential and build a future where privacy is prioritized and
celebrated.”
Meet The Dai Lo
The Dai Lo is a team of transformation specialists committed to identifying
undervalued projects and driving them to success.
Gary Mitchell ( @GuyGaryMitchell ): 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.
Yeolin Han ( @_yeonglihan ): A coding prodigy with expertise in UTXO chains
and the RGBPP space, Han’s technical acumen will be instrumental in unlocking
Fractal’s full potential.
And a team of about 10 developers with expertise in AI, ZK, and other related
technologies.
The Path Forward
Revitalizing Fractal’s community is the team’s 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’s vision.
In tandem, the team is revisiting branding to return to Fractal’s 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.
“Privacy isn’t just a feature—it’s the foundation,” said Yeolin Han. “Fractal
will empower users to decide what remains public and what stays private,
revolutionizing on-chain transaction privacy.”
Additionally, “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” said Gary Mitchell.
Acknowledgments and Looking Ahead
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.
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• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
innovation.
About Fractal Network
Fractal Network is a multi-layer network committed to applying zero-knowledge
cryptography• Информационные технологии » Информатика » Защита информации » Криптография 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• Информационные технологии » Информатика » Защита информации » Криптография » Шифрование, Fractal is creating a secure
on-chain environment for all of Web3. Join our community on X, Telegram, or
Farcaster to learn more.
Contact
Contributor
Gary Mitchell
Fractal
marketing@fra.tech
Disclaimer: Press release sponsored by our commercial partners.
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