Future

Solana

Vision

Wormhole

Enhance

<ul>
 <li>SOON raised funds with key contributors like Solana leaders and Coinbase Ventures to enhance blockchain efficiency.</li>  
 <li>The funding supports SOON Stack, a modular framework using Solana's SVM for efficient Layer 1 settlements and interoperability.</li>  
 <li>SOON aims to boost Ethereum's transaction capacity significantly and integrate with data availability layers like CelestiaDA.</li> 
</ul>  
<p>The Solana Optimistic Network (<a href="https://x.com/soon_svm" target="_blank" rel="noopener noreferrer nofollow">SOON</a>) has successfully raised funds in a co-builder round with contributions from key figures in the blockchain industry.</p>  
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<p>The round saw <a href="https://x.com/ItsBitcoinWorld/status/1828667429498536103" target="_blank" rel="noopener noreferrer nofollow">participation</a> from Solana leaders Lily Liu and Anatoly Yakovenko. Additionally, significant backing came from Coinbase Ventures' Principal Jonathan King and Celestia Labs co-founder Mustafa Al-Bassam. Other noteworthy contributors included Amrit Kumar from AltLayer, Prabal Banerjee of Avail, and Robinson Burkey of Wormhole Foundation.</p>  
<h2 class="wp-block-heading" id="h-advancing-soon-stack-and-mainnet"><strong>Advancing SOON Stack and Mainnet</strong></h2>  
<p>The capital injection will primarily support the development of SOON Stack which aims to deliver a highly efficient and high-performance rollup for Layer 1 settlements. It utilizes the Solana Virtual Machine (<a href="https://cryptonewsland.com/eclipse-to-launch-ethereum-svm-l2-mainnet-with-multi-layered-features/" target="_blank" rel="noopener noreferrer nofollow">SVM</a>) as its execution layer. The funding will also bolster SOON's flagship products, including the SOON Stack and SOON Mainnet.&nbsp;</p>  
<p>The SOON Stack serves as a modular framework combining SVM and OP Stack. The combination facilitates the deployment of SVM Layer 2 solutions on Layer 1 blockchains like <a href="https://ethereum.org/en/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, Bitcoin, and Cosmos.</p>  
<p>The SOON Mainnet is a versatile SVM Layer 2 solution that settles on the Ethereum blockchain. Deployed using the SOON Stack, it plans to increase Ethereum's transaction capacity by 650,000 transactions per second. Additionally, SOON aims to integrate a data availability layer. The integration will enhance interoperability with CelestiaDA, EigenDA, and Avail.</p>  
<h2 class="wp-block-heading" id="h-strategic-vision-and-future-prospects"><strong>Strategic Vision and Future Prospects</strong></h2>  
<p>The platform will merge Solana's SVM engine with Layer 1 user bases and the strategy could establish SVM as the standard across Layer 1 ecosystems. Consequently, this could attract developers seeking efficient solutions.&nbsp;</p>  
<p>The funding positions SOON to offer high throughput and low fees. Hence, it provides scalability and efficiency for decentralized applications across various Layer 1 blockchains.</p>  
<p>The recent funding round marks a significant step for SOON in enhancing blockchain scalability and efficiency. With strategic contributions from industry leaders, SOON is poised to set new standards in the blockchain ecosystem.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/solana-optimistic-network-secures-strategic-funding/" rel="noopener noreferrer nofollow">Solana Optimistic Network Secures Strategic Funding to Enhance Blockchain Efficiency</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Solana Optimistic Network Secures Strategic Funding to Enhance Blockchain Efficiency

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