Linera Secures $12M in Seed Funding, Led by Borderless Capital
ChainwireLinera, the first blockchain network scalable via microchains, has closed a $6M funding round, bringing its total seed funding to $12M. The round was led by Borderless Capital, with participation from a16z crypto, Laser Digital Ventures, Matrixport, Flow Traders, GSR Markets, and others. Linera’s technology aims to bring scalability to web3 applications by introducing user chains powered by an elastically scalable network.
Key Points:
– Linera has raised $12M in seed funding, with a recent $6M follow-on investment round led by Borderless Capital.
– Notable participants in the funding round include Laser Digital Ventures, DFG, Cadenza, Block1, Eterna Capital, and more.
– Linera’s microchains provide linear scaling to support millions or billions of simultaneous transactions, making it essential for web3 applications like payments, messaging, trading, and AI.
– Linera plans to expand its team, launch a devnet and testnet for the protocol, and establish a strategic presence in the APAC region.
– Linera’s innovative multi-chain architecture and lightweight chains enable high-speed web3 applications used by a large number of active users.
Hot Take:
Linera’s latest funding round and the development of its microchain technology are significant milestones in the advancement of web3 scalability. By addressing the limitations of traditional blockchains and introducing a scalable infrastructure, Linera aims to revolutionize decentralized applications across various use cases. With the support of prominent investors and its innovative design, Linera has the potential to reshape the future of blockchain technology.
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