TechFlow News, March 14 — According to The Block, Smooth Labs, a blockchain infrastructure developer focused on parallelized transactions, has announced the completion of a $2 million seed funding round led by NGC Ventures, with participation from ArkStream Capital, Cogitent Ventures, Token Metrics, Alves Ventures, and others.
Notably, Smooth is the first parallel transaction middleware compatible with EVM, providing existing Layer 2 solutions and App Chains with a high-performance transaction framework, as well as offering a universal transaction model for future blockchain development. Smooth stated that the raised funds will be used for technology R&D and expanding its core team. The project is expected to launch its testnet in the third quarter.Original link
