According to news from BiJie, Kyle Samani, co-founder and managing partner of Multicoin Capital, stated in a post on October 2 that in March of this year, Multicoin Capital co-led a round of $28 million financing for DoubleZero. DoubleZero targets the physical Network Layer below L1 by creating a permissionless high-performance network link market (also known as dedicated fiber), accelerating the transmission of data packets across the global physical Network Layer. Previously, only the largest and most technologically advanced clients globally (such as high-frequency trading firms, Google, and Meta) could access dedicated fiber. DoubleZero allows anyone to use this service.

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