Privacy protocol Horizen relaunches as a Layer 3 network on Base, with plans to launch a developer grant program in the future

Foresight News: According to The Block, the privacy protocol Horizen, established in 2017, has transitioned into a Layer 3 mainnet on Base, aiming to provide “compliance-optional privacy” features. The project has deprecated its old mainchain and EON sidechain, and relaunched the ZEN token. Horizen plans to invest 100 million dollars worth of ZEN over the next five years to support the development of privacy-focused applications, including those in finance, gaming, and social scenarios. The new architecture supports jurisdiction-specific modules to enable compliant disclosures. ZEN is now trading on the Base chain.