Aztec Network, a privacy layer for web3, has raised $100 million in a Series B round led by Andreessen Horowitz (a16z), the startup’s co-founders Zac Williamson and Joe Andrews exclusively told TechCrunch.
“At a high level, Aztec is an encrypted version of Ethereum,” Andrews said. “Normally on Ethereum everything is public, but we are making it encrypted. That journey has taken us many years to play out.”
Aztec Network launched Aztec Connect, an ecosystem that integrates with Ethereum DeFi protocols like Aave, Lido and Element Finance, in July 2021. In the future, it will integrate with Compound, and five other DeFi protocols, according to its website.
Encrypted blockchains provide transparency for the protocol but privacy for the users, so people aren’t required to show their identities when transacting, Williamson ...
