DoubleZero was founded by Solana Foundation strategy lead Austin Federa and crypto entrepreneurs Andrew McConnell and Mateo Ward.
A network hoping to become a parallel internet for blockchains is planning a public mainnet launch in the second half of 2025 after completing a $28 million funding round and testnet beta launch.
The DoubleZero Network hopes to be an alternative to the public internet that allows network operators to contribute underutilized bandwidth to a dedicated network built for systems like blockchains, according to a March 5 statement from the DoubleZero Foundation.
Austin Federa, co-founder of DoubleZero, said in a March 5 post to X that the project is an attempt to bring private networking technology to blockchains and distributed systems on a network owned by its operators and that it is open for anyone with fiber to participate.
