Datalayer, a pioneering Layer-1 blockchain platform, has successfully secured $500,000 in pre-seed funding.
The funding round was spearheaded by GBV Capital and NxGen, with notable contributions from investors such as X21 Digital, CSP DAO, and Connectico, among others.
Datalayer aims to revolutionize the blockchain landscape with its innovative localchains technology. Unlike traditional blockchains, Datalayer’s localchains are designed to reduce blockspace competition and improve transaction efficiency, addressing some of the industry’s most pressing issues.
One of the significant challenges for blockchain applications is slow transaction speeds and high gas fees. While many Layer-1 blockchains provide general-purpose networks for developers, Datalayer specifically targets consumer applications like gaming, social media, on-chain AI, and data ownership.
The newly acquired funds will be used to boost Datalayer’s development capabilities, expand its team, and build the testnet.
