Layer N Completed $5M Financing Round, co-led by Founders Fund and dao5

Layer2 blockchain Layer N completed a $5 million financing round, co-led by Founders Fund and dao5. The participants in the investment include SALT, Kraken Ventures, Mirana Ventures, GSR, Amber Group, and individual investors such as Spencer Noon and Karthik Raju.

In the coming weeks, Layer N will deploy a public testnet and launch the Rollup network Nord for on-chain order book trading. Through Layer N's shared communication layer, it will be fully compatible with the upcoming 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 optimize every component of the stack, enabling support for building complex financial protocols and simplifying the process for traditional enterprises and institutions to enter the on-chain world. Additionally, Layer N not only enables high-frequency applications but also supports high-intensity and complex computations and transactions that cannot currently be deployed on existing blockchains.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com