🔥🔥🔥 #Ethereum startup Aligned Layer clinches $2.6m in venture capital
Aligned Layer, a groundbreaking "universal verification layer for Ethereum," has secured a substantial $2.6 million in seed funding. Spearheaded by Lemniscap, a well-established firm in the crypto #Blockchain arena, the round received backing from notable entities like Bankless Ventures, Paper Ventures, and industry giants StarkWare and O(1)Labs.
This funding injection is set to propel Aligned Layer towards its #MainnetLaunch scheduled for the second quarter of 2024. By leveraging Eigen Layer, a revolutionary restaking mechanism, Aligned Layer aims to revolutionize Ethereum's settlement layer, offering decentralized ZK Proof verification. The raised capital will be instrumental in scaling operations, driving down costs, and boosting speeds for developers working on applications such as L2s.
In addition to institutional support, several angel investors, including luminaries like Sreeram Kannan and Brandon Kase, have contributed to the seed round. Roberto José Catalán, one of the co-founders, expressed unwavering confidence in Ethereum's potential to become a powerhouse for ZK verification, empowering developers to choose the most suitable proof system for their needs. This funding milestone arrives amidst a flurry of investments in crypto ventures, underscoring the sustained investor enthusiasm and belief in the crypto industry's future.
Source - crypto.news
