Multi-chain Continuous Settlement Protocol Zebec Launches $10M ZBC Ecosystem Fund

Multi-chain continuous settlement protocol Zebec announced the launch of a $10m fund called ZBC Ecosystem Fund, which aims to further develop the Zebec Chain and to incentivize the development of the ecosystem.

The fund will come from the protocol's treasure reserves and will be disbursed in $ZBC and stablecoins. Zebec said it will likely allocate the first portion of the funds to help advance its validator consensus system. Zebec Foundation will launch a rollup-based Layer1 chain which will serve as the underlying Web3-based financial infrastructure for global payments.