September 17, 2024
RISE, a Layer 2 solution known as Gigagas, has successfully raised $3.2 million in a seed round led by Finality Capital, with contributions from Orange DAO, DACM, ether.fi Ventures, P2 Ventures, MH Ventures, and Public Works. Notable angel investors include Vitalik Buterin, Stani Kulechov, Anthony Sassano (sassal.eth), DCF God, and several other prominent web3 founders.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Rise Chain | $3.2M | September 17, 2024 | Seed Round | Finality Capital | Layer 2 |
RISE aims to surpass the limitations of Megagas performance, achieving over 1 billion gas per second and ushering in the Gigagas Era. This advancement has significant implications for various sectors, including DeFi, DePIN, gaming, and social networks, creating new opportunities for web3 applications.
The RISE internal testnet is now available for developers to build high-performance applications. The RISE team invites developers to join the Gigagas Era and get involved by contacting them through their website.
About Rise Chain
RISE Labs is developing a high-performance Layer 2 solution for Ethereum, known as Gigagas. This technology aims to significantly enhance transaction speeds, surpassing 1 billion gas per second, which marks a new era in blockchain performance. RISE Labs’ platform is designed to support various sectors, including decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), gaming, and social networks. The internal testnet is now available for developers to build and test high-performance applications.
Website: https://www.riselabs.xyz/
About Investor
Investor: Finality Capital
Finality Capital Partners is a venture capital firm based in Los Angeles, California, specializing in investments in the cryptocurrency, Web3, and blockchain sectors. Founded in 2021, the firm focuses on early-stage ventures and aims to support innovative projects that leverage advances in cryptography and blockchain technology. Finality Capital Partners is known for its deep research and strategic support, helping startups grow by providing valuable connections and resources.
Location: Los Angeles
Website: https://www.finality.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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