Winklevoss brothers donate Zcash again, $1.2 million to advance network upgrade

LiquiditySurfer · 2026-01-21T02:12:15+00:00

The Zcash ecosystem development has made progress, with founder Zooko's team Shielded Labs receiving a donation of 3221 ZEC from the Winklevoss brothers, approximately $1.2 million, to enhance network security and scalability. This is the second time the Winklevoss brothers have supported, demonstrating confidence in Zcash's privacy technology.

LiquiditySurfer

2026-01-21 02:12:15

Abstract generation in progress

【Blockchain Rhythm】Important progress has been made in the Zcash ecosystem. The core development team Shielded Labs, led by founder Zooko, recently received significant funding — the Winklevoss brothers, founders of the crypto platform, donated 3,221 ZEC, which is approximately $1.2 million at current market prices.

This donation will be used to accelerate several key projects at Shielded Labs: the Network Sustainability Mechanism (NSM), Crosslink technology, and dynamic fee schemes. In simple terms, it aims to further enhance the security and scalability of the Zcash network.

Interestingly, this is the second time the Winklevoss brothers have provided substantial support to Shielded Labs. They previously donated a sum in 2023, mainly to establish a dedicated Crosslink technology team. This ongoing financial commitment reflects confidence in the future of Zcash’s privacy technology.

ZEC5,24%

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