The Dai Lo Announces Acquisition of Fractal Network

Dai Lo is thrilled to announce the successful acquisition
of Fractal, which marks a pivotal moment for the future of blockchain
technology and privacy innovation. After months of strategic discussions, the
acquisition, completed for an undisclosed amount, positions The Dai Lo to
harness Fractal’s groundbreaking ZK technology and revitalize its vision for
the future.

The acquisition encompasses Fractal’s robust technology
portfolio, token reserves, intellectual property, and, most importantly, its
dedicated community. By integrating these assets, The Dai Lo aims to expand
upon the exceptional work initiated by Fractal’s founders and deliver
transformative solutions.

Fractal should be part of every technology stack in DeFi,
AI, and others on every chain possible. Privacy is a killer app and should be
an option on every application on every chain. Fractal aims to be used
everywhere” – Gary Mitchell.

A Strategic Vision for Fractal

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 immense potential but lacked
the momentum to realize it fully.

While Fractal demonstrated the capacity to operate as an
independent Layer 1 (L1) or Layer 2 (L2) platform, its greatest value lies in
serving as a foundational component for broader ecosystems, bridging blockchain
and traditional Web2 applications. With privacy as a core focus, Fractal’s
technology is uniquely positioned to redefine the market.

“It’s our belief that this project could achieve a $1
billion market cap or more,” said Gary Mitchell, The Dai Lo’s unofficial
leader. “Our mission is to realize that potential and build a future where
privacy is prioritized and celebrated.”

Meet The Dai Lo

The Dai Lo is a team of transformation specialists committed
to identifying undervalued projects and driving them to success.

• Gary
  Mitchell (@GuyGaryMitchell): A startup veteran passionate about
  innovation, Mitchell brings a wealth of experience from the Ethereum,
  Cardano, and Solana ecosystems and will dedicate his focus entirely to
  Fractal.
• Yeolin
  Han (@_yeonglihan): A coding prodigy with expertise in UTXO chains and the
  RGBPP space, Han’s technical acumen 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 Path Forward

Revitalizing Fractal’s community is the team’s top priority.
Acknowledging frustrations from past mismanagement, The Dai Lo is committed to
rebuilding trust, improving transparency, and expanding the community with new
supporters who align with the project’s vision.

In tandem, the team is revisiting branding to return to
Fractal’s roots as a privacy-focused project. With cutting-edge zero-knowledge
technology in the pipeline, the long-term goal is to make Fractal scalable,
reliable, and user-friendly.

“Privacy isn’t just a feature—it’s the foundation,” said
Yeolin Han. “Fractal will empower users to decide what remains public and what
stays private, revolutionizing on-chain transaction privacy.”Additionally,
“Fractal should be part of every technology stack in DeFi, AI, and others on
every chain possible. Privacy is a killer app and should be an option on every
application on every chain. Fractal aims to be used everywhere” said Gary
Mitchell.

Acknowledgments and Looking Ahead

With the dissolution of Discreet Labs, the organization
behind Fractal, The Dai Lo expresses its gratitude to all contributors who laid
the groundwork for this acquisition. Special thanks go to Sam Harrison for his
instrumental role in finalizing the deal.

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

About Fractal Network

Fractal Network (https://fra.tech/) is a multi-layer network
committed to applying zero-knowledge cryptography at every level of the Web3
stack. Our technology powers secured DeFi, asset tokenization, on-chain
identity, private transactions, and more. Through applied zero-knowledge
encryption, Fractal is creating a secure on-chain environment for all of Web3.
Join our community on X, Telegram, or Farcaster to learn more.

This article was written by FL Contributors at www.forexlive.com.