Featured on CoinDesk: A16z Leads $6M Seed Funding Round in Blockchain Linera

Written By Mathieu Baudet

The layer 1 chain aims to be low-latency with linear scalability to facilitate the transition from Web2 to Web3.

Linera, a layer 1 blockchain project intended to bring Web2 scalability to Web3 has completed a $6 million seed funding round led by Marc Andreessen's Andreessen Horowitz (a16z).

Cygni Capital, Kima Ventures and Tribe Capital also participated in the round, Linera said in a statement on Tuesday.

Linera founder and CEO Mathieu Baudet has a PhD in cryptographic protocols and is a former Meta (FB) employee who helped create Facebook’s Libra blockchain.

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Source: CoinDesk

By Cameron Thompson

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Mathieu Baudet
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