According to BlockBeats, Nubit, a modular blockchain infrastructure solution provider, has successfully raised $8 million in a seed round of financing, led by Polychain Capital. So far, Nubit's total financing has reached $12 million. Nubit was founded by Feng Yu, a professor of computer science at the University of California, Santa Barbara (UCSB), who introduced his decade-long research results into the project to promote the scalability of blockchain.
Nubit leverages Bitcoin's economic security to optimize fraud proof mechanisms, proof security, and accessibility of zero-knowledge technology, and achieves scalability through high-performance consensus algorithms and innovative data structures. Nubit leverages Bitcoin's economic security to provide an innovative data availability layer that ensures security and scalability.
Nubit has also recently expanded support for all major Layer 2 frameworks, including Polygon CDK, OP Stack, Arbitrum Orbit, and Scroll, making it a universally applicable data availability solution. In April 2024, Nubit launched the Pre-Alpha testnet, attracting 155,115 users, deploying 5,294 modular services, and processing 561,862 transactions.