Dai Lo Announces Acquisition of Fractal Network

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December 2, 2024, Denver, USA, Chainwire

Dai Lo is excited to announce the successful acquisition of Fractal, which marks a pivotal moment for the future of blockchain technology and privacy innovation. The acquisition, completed for an undisclosed sum following months of strategic discussions, allows The Dai Lo to leverage Fractal’s groundbreaking ZK technology and revitalize its vision for the future.

The acquisition includes Fractal’s robust technology portfolio, token holdings, intellectual property, and most importantly, a dedicated community. By integrating these assets, The Dai Lo aims to expand on the excellent work started by Fractal’s founders and deliver innovative solutions.

Fractals should become part of the DeFi, AI, and other technology stacks on every possible chain. Privacy is the killer app and should be an option for every application in every chain. Fractals aims to be used everywhere.” – Gary Mitchell.

Strategic Vision for Fractals

Earlier this year, The Dai Lo embarked on a journey to explore groundbreaking projects in the Bitcoin, UTXO, BRC20, and Runes ecosystems. Fractal stood out as a project with enormous potential, but lacked the momentum to fully realize it.

Although Fractal has demonstrated the ability to operate as an independent layer 1 (L1) or layer 2 (L2) platform, its greatest value lies in serving as a building block for a broader ecosystem connecting blockchain and existing Web2 applications. There is a need to do this. With privacy as its core focus, Fractal’s technology is uniquely positioned to redefine the market.

“We believe this project can achieve a market capitalization of over $1 billion,” said Gary Mitchell, the unofficial leader of The Dai Lo. “Our mission is to realize that potential and build a future where privacy is prioritized and celebrated.”

Meet Dai Lo

Dai Lo is a team of innovation experts dedicated to identifying undervalued projects and driving them to success.

Gary Mitchell (@GuyGaryMitchell): A startup veteran passionate about innovation, Mitchell brings a wealth of experience in the Ethereum, Cardano, and Solana ecosystems and will be fully committed to Fractal.
Yeo-Lin Han (@_younglihan): A coding prodigy with expertise in UTXO chains and RGBPP spaces, Han’s technical insight 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 way forward

Energizing Fractal’s community is a top priority for the team. Acknowledging the frustrations of past mismanagement, The Dai Lo is committed to rebuilding trust, improving transparency, and expanding the community with new supporters aligned with the project vision.

At the same time, the team is reexamining its branding to return to Fractal’s roots as a privacy-focused project. With cutting-edge zero-knowledge technology in the pipeline, our long-term goal is to make Fractal scalable, reliable, and user-friendly.

“Privacy is not just a feature, it is the foundation,” said Yeolin Han. “Fractal will revolutionize on-chain transaction privacy by allowing users to decide what stays public and what stays private.”

Additionally, “Fractal should be part of the DeFi, AI, and other technology stacks on every possible chain. Privacy is the killer app and should be an option for every application in every chain. Fractal aims to be used everywhere,” said Gary Mitchell.

Gratitude and future prospects

With the dissolution of Discreet Labs, the organization behind Fractal, The Dai Lo would like to thank all the contributors who laid the foundation for this acquisition. Special thanks to Sam Harrison who was instrumental in closing the deal.

Dai Lo is excited to usher in a new era for Fractal with ambitious plans to take the project to unprecedented heights. The team invites the community to join us in shaping the future of $FRA and blockchain innovation.

Fractal Network Information

Fractal Network is a multi-layer network that strives to enforce zero-knowledge encryption at all levels of the Web3 stack. Our technology secures DeFi, asset tokenization, on-chain identity, private transactions, and more. Fractal is building a secure on-chain environment across Web3 by applying zero-knowledge encryption. To learn more, join our community on X, Telegram or Farcaster.