Linera Secures $12M in Seed Funding for Scalable Blockchain Network

Linera Raises $12M in Seed Funding to Scale Blockchain Network

Linera, the first blockchain network scalable via microchains, has secured $12M in seed funding. The latest $6M round was led by Borderless Capital, with contributions from a16z crypto, Laser Digital Ventures, Matrixport, Flow Traders, GSR Markets, and more. Linera’s innovative technology aims to bring web2 scalability to web3 applications by introducing an unlimited number of user chains powered by an elastically scalable network.

Key Points:

Linera has closed an additional $6M round of funding, bringing their total seed funding to $12M.
The funding was led by Borderless Capital, with participation from a16z crypto, Laser Digital Ventures, Matrixport, Flow Traders, GSR Markets, and more.
Linera’s microchains are a new and necessary evolution in web3 architectures, offering linear scaling to support millions and potentially billions of simultaneous transactions.
The company plans to expand its team, launch a devnet and testnet for the protocol, and establish a strategic presence in the APAC region.
Linera’s multi-chain architecture empowers developers to create high-speed web3 applications for various use cases, including retail payments, gaming micro-payments, messaging, proprietary trading, and blockchain bridges.

Hot Take:

Linera’s innovative microchain technology has attracted significant funding, demonstrating the growing interest in scalable blockchain solutions. With its focus on web3 application scalability and user chains, Linera has the potential to revolutionize decentralized infrastructure and enable the development of high-performance applications. The company’s expansion plans and strategic presence in the APAC region indicate a commitment to growth and adoption. Overall, Linera’s funding success and unique approach position it as a key player in the blockchain industry.