According to TechFlow, Nubit has completed a US$8 million seed round of financing, led by Polychain Capital, with participation from Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, Mask Network and others. The latest round of financing brings Nubit's total financing amount to US$12 million.

Nubit aims to develop the most secure and scalable Data Availability (DA) layer for the multi-chain ecosystem, supporting unlimited applications including AI, SocialFi, and GameFi.

The team will launch the Alpha testnet in June, the final stage before the mainnet launch later this year.