banner

Datalayer Secures $500K Pre-Seed Funding to Innovate Blockchain Technology

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.

banner

Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

Follow Us

Top Selling Multipurpose WP Theme

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

banner

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Skip to content