L2 blockchain Layer N completed US$5 million in financing and plans to launch a public test network

2023-09-13 19:51:31ForesightShare to:

According to Foresight News, Layer N, a Layer 2 blockchain for financial applications, has completed US$5 million in financing. Founders Fund and dao5 jointly led the investment. Participants include SALT, Kraken Ventures, Mirana Ventures, GSR, Amber Group, and individual investors include Spencer Noon, Karthik Raju, et al. In the next few weeks, Layer N will deploy a public test network and launch the Rollup network Nord for on-chain order book transactions. Through the Layer N shared communication layer, it will be fully compatible with the public smart contract N-EVM layer expected to be launched in the first half of next year. .
Layer N’s fully modular architecture allows the network to be optimized on every component of the stack, enabling the construction of complex financial protocols and simplifying the process of traditional enterprises and institutions entering the on-chain world, while Layer N not only enables high-frequency applications , will also support high-intensity and complex calculations and transactions that currently cannot be deployed on existing blockchains.

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