Lava Network raises $11M: the RPC data access layer of the modular stack
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Notes the Lava Foundation's $11M strategic round on top of a $15M seed and argues the data access layer, where rollups create incentive pools to attract RPC nodes, could be worth billions.
Key claims
$11M strategic round plus $15M seed
LAVA token and airdrop expected soon
Lava foundation just raised $11M in a strategic round on top of the $15M seed raise of @lavanetxyz. 馃く
The modular expansion is real and this is a key piece of infrastructure in the stack.
@lavanetxyz allows any rollup to create an incentive pool, attracting & aggregating a network of RPC nodes.
The data access layer of the modular stack could be worth billions and $LAVA is coming soon (incl. airdrop).
Have a feeling that @CelestineSloths will be eating well on this one. 馃Ε
Are you ready for the second wave of innovation in the @CelestiaOrg eco anon? 馃憖
DYOR anon.
The floor is $LAVA. 馃寢
x.com/zerokn0wledge_/status/1788284695798751410
QUOTING @lavanetxyz
The floor is Lava 馃寢 Lava Foundation has raised $11m to fund ecosystem growth and protocol development. We're excited to move closer to mainnet and support more blockchains with critical RPC infrastructure. t.co/J1TEjiW9rX
The floor is Lava 馃寢 Lava Foundation has raised $11m to fund ecosystem growth and protocol development. We're excited to move closer to mainnet and support more blockchains with critical RPC infrastructure. t.co/J1TEjiW9rX