Layer 2 Protocol RISE Chain Completes $3.2 Million Seed Funding Round, Led by Finality Capital
RISE Chain Raises $3.2 Million in Seed Funding, Led by Finality Capital
Mars Finance reports that on September 16th, Layer 2 protocol RISE Chain has secured $3.2 million in seed funding. The round was led by Finality Capital, with participation from Orange DAO, DACM, ether.fi Ventures, P2 Ventures, MH Ventures, Public Works, Vitalik Buterin, Stani Kulechov, Anthony Sassano (aka sassal.eth), and DCF God.
RISE Chain aims to power a new generation of Gigagas applications. The RISE technology stack boasts a throughput exceeding 1 billion gas per second. It achieves this breakthrough through incremental technical improvements, addressing execution and state access issues. These improvements include:
- pevm: The fastest public EVM execution engine
- Continuous execution: A revolutionary approach to transaction processing
- Versioned Merkle trees: Enhanced data management and security
- RiseDB: A custom-built database for efficient and scalable data storage
These innovations promise to deliver a significantly improved experience for users and developers alike, propelling RISE Chain to the forefront of Layer 2 solutions.
