TechFlow reported on September 10 that, according to official announcements, t1 protocol, an Ethereum scaling solution, has completed a $2.5 million Pre-seed funding round. The round was led by a16z CSX, with participation from institutions including Espresso, Frax, Cow Swap, ETH Global, ENSO, INJECTIVE, and TITAN, as well as individual investors such as Guy Wuollet, Ali Yahya, and Eric Chen. Meanwhile, t1 protocol has joined a16z Crypto Startup School (CSX). According to RootData, t1 protocol is a fast finality scaling solution for Ethereum that supports real-time proof generation to unify Ethereum.
Previous report: a16z Crypto announced 21 companies selected for its fall crypto startup accelerator (CSX), including Banyan and Dot.
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