August 27, 2024
The Solana Optimistic Network (SOON) has secured an undisclosed amount in a “cobuilder” funding round. Key participants include Solana Foundation Chairman Lily Liu, Solana Labs co-founder Anatoly Yakovenko, Coinbase Ventures Principal Jonathan King, Celestia Labs co-founder Mustafa Al-Bassam, and Avail and Wormhole Foundation co-founder Robinson Burkey, among others.
Project | Latest Raise Date | Stage | Category |
|---|---|---|---|
Solana Optimistic Network (SOON) | August 27, 2024 | Cobuilder Round | Rollup, Layer2 |
This round is exclusively for builders and notably excludes venture capital firms. The funds will be used to develop SOON into the highest throughput rollup stack, enhancing scalability and efficiency for decentralized applications and any Layer 1 blockchain. This will be achieved through the creation of the SOON Stack, a modular framework combining SVM and OP Stack, and the SOON Mainnet, a general-purpose SVM Layer 2 that settles on Ethereum.
About SOON
SOON is a network that allows for deploying SVM (Solana Virtual Machine) Layer 2 solutions on any Layer 1 blockchain. It aims to provide fast transaction execution, low fees, and high security. SOON uses a modular framework called SOON Stack, combining SVM and OP Stack, and has a general-purpose Layer 2 called SOON Mainnet that settles on Ethereum.
Website: https://soo.network/
About Investor
Key participants in this round include Solana Foundation Chairman Lily Liu, Solana Labs co-founder Anatoly Yakovenko, Coinbase Ventures Principal Jonathan King, Celestia Labs co-founder Mustafa Al-Bassam, and Avail and Wormhole Foundation co-founder Robinson Burkey, among others.
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