Layer 2 protocol RISE Chain completes $3.2 million seed round of financing, led by Finality Capital
On September 16, according to The Block, the Layer 2 protocol RISE Chain has completed a $3.2 million seed round funding, led by Finality Capital, with participation from Orange DAO, DACM, ether.fi Ventures, P2 Ventures, MH Ventures, Public Works, Vitalik Buterin, Stani Kulechov, Anthony Sassano (also known as sassal.eth), and DCF God.
It is reported that RISE Chain aims to open up a new generation of Gigagas applications. The RISE technology stack provides a throughput of over 1 billion gas per second, and can achieve this breakthrough through incremental technological improvements, solving the issues of execution and state access, including pevm - the fastest public EVM execution engine, continuous execution, versioned Merkle trees, and RiseDB.
