PANews reported on September 16 that according to Coindesk, the second-layer blockchain protocol T1 Protocol announced the completion of the Pre-Seed round of financing. A16z Crypto, BreedVC, Benedikt Bünz, Sam Kazemian, Amir Bandeali, Eric Chan, Kartik Talwar, Kubi Mensah and Meltem Demirors participated in the investment. The specific amount has not been disclosed. T1 Protocol aims to solve the challenges of aggregate fragmentation and composability in Ethereum. The protocol will also participate in the a16z crypto startup accelerator (CSX).