TechFlow News — Layer1 blockchain Linera has announced a $6 million seed funding round led by a16z, with participation from Cygni Capital, Kima Ventures, and Tribe Capital. The funds will be used to hire engineers and team members to build the protocol.
According to reports, Linera's founder and CEO Mathieu Baudet is a former Meta employee who helped build Meta’s Libra blockchain. The Linera blockchain features low latency and linear scalability, consisting of shards or individual threads, and adds extra validators to improve network efficiency, enabling most account-based operations to be confirmed in a fraction of a second.
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