The project for the private implementation of blockchain technology in the business world, Horizen, received financing for a total of USD 4 million, in a round of seeding capital. The main objective of this money is to allow the development of the side chains project as a service, focused on scalable and customizable solutions for corporate clients.

According to a press release sent to CriptoNoticias on April 11, Horizen Labs received funding from Digital Currency Group, Liberty City Ventures and a number of private investors who were not identified.

The original goal was to raise USD 2 million, so the final amount represents double.

We have seen a considerable demand from clients and businesses that are looking for customizable blockchain solutions that are not expensive and do not take a long time to build. Through the proprietary platform of Side Chains as a Service (Sidechain-as-a-Service) we urge companies to benefit from the high security level of Horizen, a blockchain focused on privacy.

Robert Viglione, CEO, Horizen Labs.

Despite this good news for the future of the network, which has capital and support for its development, the price of the cryptoactive has not changed significantly.

Currently each ZEN has a price of USD 7.69, which represents a small correction of 0.31% over the previous day, according to Coinmarketcap. The cryptoactive has had an exchange volume of USD 3,007,285 in the last 24 hours, being Binance, DragonEX and Bittrex its main markets, exchanging for BTC mainly.

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