The classic privacy-focused project Horizen has relaunched on the Base platform under the name Layer 3.

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Horizen has officially launched its mainnet on Base, transitioning from a Layer 1 network to a Layer 3 network focused on regulatory-compliant privacy protection. The project, which originally launched in 2017 under the name ZenCash, has now become a pure execution layer on Base, aiming to provide developers with practical privacy solutions. CEO Rob Viglione emphasized that this move is a strategic business decision intended to align with Coinbase’s ecosystem. Horizen Labs is launching a $100 million ZEN developer fund and plans to introduce a confidential computing environment (CCE) in the next quarter. The ZEN token is now listed on major exchanges including Binance and Coinbase.

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