Top VC bets $28 million, laying the Web3 "highway", an article on the new project Double Zero by former core members of the Solana Foundation

Recently the market has experienced severe Fluctuation, and emotions have plunged into extreme panic. However, just a few days ago, DoubleZero Foundation announced that it had received a $28 million investment led by Dragonfly and Multicoin Capital, sparking rapid attention. What makes DoubleZero unique and able to attract capital in the current depressed market environment?

Just yesterday, DoubleZero's founder Austin Federa appeared on the New York Stock Exchange (NYSE) TV live broadcast, talking about how Double Zero is revolutionizing Internet infrastructure, and Twitter crashed during the live broadcast.

In a tweet, he joked that this was like the 'perfect product demo' the universe gave them. The tweet was a bit ironic, suggesting that there are indeed bottlenecks in the current internet infrastructure, and Double Zero might be the solution.

Double Zero: A Dark Horse Playing with DePIN

Double Zero is a project based on the DePIN track, allowing anyone to contribute independent fiber optic links without a license, which is equivalent to laying an "information highway" for the Web3 world. The project's biggest highlight is its hardware-driven nature, directly targeting the infrastructure layer. DoubleZero's goal is simple: to add bandwidth and reduce latency for all high-performance blockchains.

The project quickly attracted industry follow with its unique technical vision and highly renowned team background, and is seen as one of the important narratives in the Solana ecosystem and the DePIN field.

Solana "veteran" Austin Federa leads, Double Zero comes with a halo

For a project to break through, it not only needs technical strength, but also a core figure who can mobilize resources and drive the narrative. One of the reasons why Double Zero attracted market attention as soon as it debuted is its co-founder - Austin Federa.

Those familiar with the Solana ecosystem must be no stranger to him. He was once the Head of Strategy at the Solana Foundation, and can be said to be one of the important promoters of the early rise of the Solana ecosystem. With deep ties to the Solana core team (including Anatoly Yakovenko and Raj Gokal), it is this relationship that allows Double Zero to obtain resource support and market recognition from the Solana ecosystem in the early stages.

During his time at the Solana Foundation, he was not only responsible for global market strategies but also directly involved in the landing of several key projects, such as promoting the integration of USDC and USDT on Solana, and even deeply involved in the ecological cooperation of the FTX era. In other words, Solana has grown from an emerging public chain to an industry giant, and Austin has played an important role.

And now, Austin, with his experience, connections, and deep understanding of blockchain, has stepped out of Solana to personally manage Double Zero. This not only puts Double Zero on a higher starting point from the beginning but also instantly maxes out market expectations for this project.

From a technical vision perspective, Double Zero and Solana are also closely related, with some even considering Double Zero as an important piece of the Solana DePIN narrative puzzle. Rather than being seen as an independent DePIN project, Double Zero is more of a 'field upgrade' for Solana in the DePIN arena.

The "darling" of the emerging capital market

If you are familiar with the investment landscape in the cryptocurrency community, you will know the significant influence of Dragonfly and Multicoin. They are not only long-term supporters of the Solana ecosystem but also play important roles in multiple key projects (such as Multicoin's early bet on Solana and Dragonfly's involvement in Serum).

In addition to top VCs, the internal financial strength of the Solana ecosystem also played a core role in this round of financing, with Solana Ventures and the co-founders of Solana Labs, Anatoly Yakovenko and Raj Gokal, also participating as angel investors. What does this mean?

Solana's official personally supports, Austin is not fighting alone, but entering with the entire resource pool of Solana, a comprehensive tilt of funds, technology, and market resources. For the entire DePIN track, this is undoubtedly an important signal: the Solana ecosystem is actively laying out physical infrastructure networks, and Double Zero may be the 'vanguard' leading the charge.

Technical Highlights: Is the dual-loop architecture a super accelerator?

The DoubleZero network optimizes the blockchain system through two key improvements: first, it pre-filters incoming junk and duplicate transactions with dedicated hardware, reducing the burden on validators and enabling the blockchain to share filtering resources without the need for each validator to provide them separately. Second, it improves communication efficiency through clear message routing, tracking, and priority management.

The outer ring connects to the public Internet, using hardware (such as FPGA) for attack protection, signature verification, and transaction filtering; the inner ring processes the filtered traffic through dedicated bandwidth lines and performs consensus building.

The core technological highlight of Double Zero lies in its unique Two-Ring Architecture, with the Outer Ring connecting to the public Internet, using hardware (such as FPGA) for attack protection, signature verification, and transaction filtering, while the Inner Ring processes the filtered traffic through dedicated bandwidth lines and carries out consensus building.

As the first line of defense, the Outer Ring is mainly responsible for filtering out junk trades, DDoS attacks, malicious contract calls, and other invalid traffic. It uses an adaptive traffic filtering mechanism, utilizes machine learning and heuristic rules to analyze transaction patterns in real time, accurately identifies and intercepts malicious traffic, ensuring that only valid transactions can enter the blockchain mainnet.

Meanwhile, Outer Ring also relies on decentralized zero-permission fiber contributions, with independent contributors from the network providing physical infrastructure to further ensure the authenticity and priority of data packets. All transactions must undergo basic validity screening in Outer Ring before entering Inner Ring, reducing the entry of invalid transactions into the core network and improving overall processing efficiency.

All trades on the Inner Ring have undergone strict screening, so it can focus on efficient trade processing. Inner Ring adopts a high-performance architecture similar to Solana, supporting ultra-high TPS (transactions per second), ensuring extremely short transaction confirmation times, and able to meet the demand for a large number of transactions.

In order to further improve network fluency, Double Zero also adopts a stateless verification mode, this lightweight transaction processing method makes the entire network run more smoothly and efficiently compared to the state storage mode of traditional blockchains.

Advantages compared to traditional Layer 1 and Rollup solutions

Compared to traditional Layer 1 and Rollup solutions, Double Zero demonstrates significant advantages. First, through the pre-filtering of the Outer Ring, Double Zero effectively reduces the impact of spam transactions, reduces the risk of block congestion, and avoids the inefficient Mempool queuing method seen in public chains like Ethereum. Unlike the Rollup solution, Double Zero independently optimizes the network layer, eliminating the waiting time for batch processing cycles, significantly accelerating transaction confirmation speed, and avoiding unnecessary delays.

As Kyle Samani, managing partner of Multicoin Capital, said, "Without solving the latency issue between verifiers, it is impossible to achieve a smooth experience similar to Web2, due to public internet bandwidth limitations and non-deterministic routing." This is exactly the mission of Double Zero.