Optimum Secures $11M Seed Funding Led by 1kx for Decentralized Blockchain Memory Layer

Optimum, a company developing high-performance memory infrastructure for blockchain ecosystems, has successfully raised $11 million in a Seed funding round. The round was led by 1kx, with participation from a range of investors including Robot Ventures, Finality, Animoca Brands, GSR, Chorus One, LongHash, CMT Digital, Spartan Group, Big Brain Holding, and others. SNZ, thrilled to back this initiative, sees it as the world’s first of its kind, completing the ‘world computer’ architecture puzzle. The funding will support Optimum’s mission to build a decentralized memory layer for blockchains, utilizing zero-knowledge proofs and WebAssembly technologies. This MIT-incubated project is seen as a critical component in enhancing the functionality of blockchain networks by enabling trustless data storage and retrieval across different chains. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant