Layer 2 protocol RISE Chain completes $3.2 million seed round financing, led by Finality Capital

ChainCatcher news, according to The Block, the Layer 2 protocol RISE Chain has completed a $3.2 million seed round financing, led by Finality Capital, with participation from Orange DAO, DACM, ether.fi Ventures, P2 Ventures, MH Ventures, Public Works, Vitalik Buterin, Stani Kulechov, Anthony Sassano (also known as sassal.eth), DCF God, and others.

It is reported that RISE Chain aims to unlock a new generation of Gigagas applications. The RISE tech stack offers a throughput of over 1 billion gas per second, achieving this breakthrough through stepwise technological improvements, addressing execution and state access issues, including pevm------the fastest public EVM execution engine, continuous execution, versioned Merkle trees, and RiseDB.