Eclipse Labs completes US$50 million in Series A financing, mainnet will be launched in Q2

2024-03-11 23:01:33BlockBeatsShare to:

According to BlockBeats news, on March 11, Eclipse Labs announced that it had raised US$50 million in its Series A financing, co-led by Placeholder and Hack VC, raising its total capital to US$65 million. The company is developing an Ethereum second layer solution using the Solana Virtual Machine (SVM), aiming to improve scalability and composability. The round also attracted participation from other investors including Polychain Capital, Delphi Digital, Maven 11, DBA and Fenbushi Capital, as well as strategic investments from Flow Traders, GSR, Apollo Global Management and OKX Ventures. The newly raised funds will be used to develop a second-layer solution for Ethereum using the Solana Virtual Machine (SVM). Eclipse Labs aims to combine the high performance of SVM with the liquidity of Ethereum to provide a differentiator. Other second-tier solutions. Eclipse Labs emphasized that the network will work towards creating a highly composable Ethereum second layer chain. Eclipse Labs plans to launch its final mainnet version in the second quarter of this year. It has currently launched a developer network and test network version, and plans to deploy well-known decentralized applications including Rarible, Pyth Network and Solend when the mainnet is launched. cooperate.

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