The Good Tech Companies - The Dai Lo Announces Acquisition Of Fractal Network

Episode Date: December 2, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/the-dai-lo-announces-acquisition-of-fractal-network. By integrating these assets, The Dai Lo aims to expand upon the exceptional work initiated by Fractal’s founders and deliver transformative solutions. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #fractal-protocol-privacy, #chainwire, #press-release, #zero-knowledge-proofs, #blockchain-development, #ai, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. The Dai Lo has completed the acquisition of Fractal for an undisclosed amount. The acquisition positions The Dai Lo to harness Fractal’s groundbreaking ZK technology and revitalize its vision for the future. “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 everyChain. Fractal aims to be used everywhere” - Gary Mitchell.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. The Dai Lo announces acquisition of Fractal Network, by Chainwire. Denver, USA, December 2, 2024, Chainwire, Dai Lo is thrilled to announce the successful acquisition of Fractal, 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 Dia Low tow 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 LOA aims to expand upon the exceptional work initiated by Fractal's founders and deliver transformative solutions. Greater than Fractal should be part of every technology stack in DeFi, AI, and others on greater than every chain possible. Privacy is a killer app and should be an option on every greater than application on every chain. Fractal aims to be used everywhere. Gary Mitchell. A strategic vision for Fractal earlier this year, the DAI low embarked on a journey to explore groundbreaking projects in the Bitcoin, UTXO, BRC20, and Runes ecosystems. Fractal stood out ASA 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 and traditional Web2 applications. With privacy as a core focus, Fractals Technology is uniquely positioned to redefine the market. Greater than, it's our belief that this project could achieve a $1 billion market cap or greater than more, said Gary Mitchell, the Dialo's unofficial leader. Our mission is to greater than realize that potential and build a future where privacy is prioritized and greater than celebrated. Meet the Dialoath Dialo is a team of transformation specialists committed to identifying undervalued projects and driving them to success.

Gary Mitchell, at Guy Gary Mitchell, 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. Yulin Han, at underscore Yonglehan, a coding prodigy with expertise in UTXO chains in 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 dial-o 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. Greater than, privacy isn't just a feature, it's the foundation, said Yulin Han. Greater than, Fractal will empower users to decide what remains public and what stays greater than private, revolutionizing on-chain transaction privacy, greater than, additionally, Fractal should be part of every technology stack in DeFi, AI, greater than in others on every chain possible. Privacy is a killer app and should

be in greater than option on every application on every chain. Fractal aims to be used greater than everywhere, said Gary Mitchell. Acknowledgements and looking ahead with the dissolution of discrete labs, the organization behind Fractal, the DALO 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 DALO 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 dollar fraud and blockchain innovation. About Fractal Network Fractal Network 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. Contact contributor Gary Mitchell Fractal Marketing at fraud.tech. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. N, N, thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.