Radius, a leading blockchain startup that invented the trustless shared sequencing layer, has said that it has secured a $1.7M pre-seed investment. Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com also took part in the funding round, which was headed by Hashed.
Radius Successfully Completes $1.7 Million Pre-Seed Funding Round
Radius shared the news of the funding round on its Twitter account.
Due to their scalability, rollups are becoming more and more common choices for many applications, including DeFi. Properly decentralizing their operations and structuring their economic architecture has become a crucial issue for rollup-centric ecosystems. Thus, the shared sequencing layer has emerged as the ideal solution.
Radius is committed to setting the standard for a trustless shared sequencing layer that not only maximizes revenue for Rollups but also safeguards users from the harmful effects of MEV. This funding will propel us forward in achieving our goals and redefining the boundaries of what is possible in the blockchain sphere.
Ji Hoon Park, Founder Of Radius
What is PVDE?
In order to shield their users from dangerous Miner Extractable Value (MEV), Radius is committed to offering an affordable and long-lasting solution for Rollups. Practical Verifiable Delay Encryption (PVDE), a ground-breaking zk technique created by Radius, enables this. Users are safeguarded from hazardous MEV in a totally trustless fashion because of the shared sequencing layer with PVDE, which also maximizes Rollups’ revenue.
About Radius
Radius is a blockchain technology startup that created the first trustless shared sequencing layer. This layer provides an affordable and long-term solution for Rollups and shields its customers from dangerous MEVs. The platform seeks to transform the Rollup market and advance the use of blockchain technology through its innovative methodology.
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