TechFlow news, February 14 — "Rollup-as-a-service" platform Caldera announced it has raised $9 million across two funding rounds, led by Sequoia Capital and Dragonfly respectively. Other investors include Neo, 1kx, and Ethereal Ventures, as well as angel investors from both Web2 and Web3. Caldera enables anyone to launch and operate dedicated, high-performance Layer-2 blockchains known as "rollups." Rollups are lightweight, highly customizable blockchains that inherit security from another blockchain, such as Ethereum or Polygon. By providing each application with its own "app-rollup," Caldera offers a dedicated channel for the application's transactions, drastically reducing transaction costs and enabling projects to eliminate risks associated with fee spikes and network outages.Source link
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