Goat Network Project Analysis

1️⃣ Positioning

@GOATRollup is a BTC Layer2 under the ZK Rollup system, which can be considered a very common narrative within the BTC ecosystem. At the same time, Goat is a subproject developed by the ZKM @ProjectZKM team.

2️⃣ Team

The core teams of both are the same group, and Goat has additionally brought in two people to help with the economic models for asset management and the design of risk control.

The CEO is a co-founder of Metis and is currently still in office.

The COO is the founder of Chain Catcher and Cather VC, but her Linkedin does not list any experience related to Goat and ZKM (not sure if the data from Rootdata is correct).

3️⃣ Financing

Goat itself did not have funding, ZKM only received a round of financing of 5 million USD.

For a public chain, 5M in funding is definitely not enough; for ZK development infrastructure, it is quite standard.

So where does the money come from? It is likely coming from Metis.

But this also matches the fact that the project party is quite wealthy, as can be seen from the quality of the KOLs hired for marketing.

4️⃣ Review

The narrative is quite ordinary, but Goat has the advantage over other similar projects in that it has its own funds and does not rely on large-scale financing (debt); the marketing buzz is decent, and the overall evaluation is relatively positive (unlike Bitlayer, which has been heavily criticized).

#项目分析 GOATNetwork