Optimum has secured $11 million to develop a high-performance decentralized memory layer aimed at addressing blockchain inefficiencies.
Project Goals and Background
Optimum is an initiative incubated at MIT, focusing on developing a scalable memory solution for Web3 applications. According to Professor Muriel Médard, a co-founder, "If you think of Web3 as a decentralized world computer, you need memory, which we call the random access memory... Without a scalable memory layer, blockchains face systemic inefficiencies such as outdated gossip networks, congested mempools, and bloated nodes."
Funding and Investors
The funding, led by prominent investors such as 1kx and Galaxy Ventures, will facilitate team expansion, tool enhancement, and infrastructure rollout. Currently, the project is not associated with specific tokens.
Prospects and Blockchain Impact
Integrating Optimum's memory layer could reduce costs and bottlenecks for DeFi and dApps, improving data throughput. Although no immediate financial market impacts are observed, developers show strong interest in the testnet phase.
Optimum aims to position itself as a pivotal player in Web3 evolution, highlighting the potential for reduced transaction costs and increased network efficiency.
