Rewrite of Datalayer Blockchain Funding Announcement

An innovative blockchain platform called Datalayer has just completed a successful pre-seed funding round, raising a substantial $500k. This round was championed by GBV Capital and NxGen, with key investors like X21 Digital, CSP DAO, and Connectico actively participating.

Datalayer is poised to redefine the blockchain sector with its inventive localchains technology that empowers users. Unlike conventional blockchains, Datalayer's localchains are designed to alleviate blockspace competition and improve the efficiency of transactions.

One of the primary issues faced by blockchain applications is the slow pace of transactions and the high fees associated with them. While many Layer-1 blockchains offer general-purpose networks, Datalayer specifically focuses on applications geared towards consumers, such as gaming, social platforms, on-chain artificial intelligence, and data ownership.

The funds raised will be utilized to bolster Datalayer's development capabilities, grow the team, and establish the testnet for further advancement.

Insights into Datalayer

Datalayer emerges as an advanced Layer-1 blockchain and smart contract protocol introducing localchains. These lightweight parallel chains, dedicated to users, offer enhanced blockspace capabilities. Targeting high-frequency, low-cost assets, Datalayer caters to sectors like artificial intelligence, DePIN, micro-payments, and real-world assets. The project has attracted over $500k in pre-seed funding from renowned investors such as GBV Capital, NxGen, and X21 Digital.

To learn more, check out the official Datalayer website.

Contact

CEO Sandeep Datalayer [email protected]

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