FinTech news in cryptocurrency venture capital category

In the long term, the network wants to create a system using which people can transact and coordinate with the level of encryption needed for mainstream blockchain adoption, Andrews said. Aztec Network, a privacy layer for web3, has raised $100 million in a Series B round led by Andreessen Horowitz (a16z), the startup co-founders Zac Williamson and Joe Andrews exclusively told journalist. While there are several encrypted blockchains like Zcash and Iron Fish network, Aztec differentiates itself from them because it’s programmable, Williamson said. Encrypted blockchains provide transparency for the protocol but privacy for the users, so people aren’t required to show their identities when transacting, Williamson said.