• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, September 26, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

SuperLayer Raises $25M With Backing from Polygon

August 19, 2022
in Blockchain
Reading Time: 3 mins read
A A
SuperLayer Raises $25M With Backing from Polygon
ShareShareShareShareShare

SuperLayer, a blockchain venture studio, has secured $25 million in funding with backing from its strategic partner, Polygon Network – a Layer-2 scaling solution.

Related articles

Japan’s JCBA Submits Initial Proposal for IEO Regulatory Reform to JVCEA

Japan’s JCBA Submits Initial Proposal for IEO Regulatory Reform to JVCEA

September 26, 2023
Amazon Invests $4 Billion in AI Startup Anthropic for Advanced Foundation Models

Amazon Invests $4 Billion in AI Startup Anthropic for Advanced Foundation Models

September 26, 2023

With its knack for selecting projects with innovative solutions that can help improve the usability of the blockchain ecosystem in general, SuperLayer says it is more interested in protocols looking to build on the Polygon Network.

While revealing no other backer, SuperLayer said it will be deploying the funding towards the expansion and strengthening of SuperLayer’s ecosystem of projects. Additionally, it plans on partnering with founding teams on development, design, and the fundraising required to scale projects that meet the needs of consumers around the world.

 

“Given SuperLayer’s focus on speed and quality, Polygon is a natural partner with industry-leading protocols designed to fix blockchain scalability issues that have slowed innovation,” said Kevin Chou, Managing Partner of SuperLayer. 

 

“Polygon’s technology removes critical costs and congestion barriers to mass-scale consumer adoption, and its thriving ecosystem offers an ideal environment for growth and collaboration, opening the door for transaction-intensive crypto projects like SocialFi, GameFi, NFTs, and DeFi to reach their full potential. Our team at SuperLayer is excited to support ambitious projects to build on Polygon.”

 

Users in the digital currency ecosystem are now more concerned about usability in the Web3.0 world. Besides users, investors’ focus is clearly centred on innovations with a defined use case, a push that is likely fueling projects that may be emanating from Polygon. 

 

Polygon makes using Ethereum very easy and scalable, and any outfit that may align with this mission may catch the attention of SuperLayer.

 

While Ethereum 2.0 is fast approaching, the Ethereum Foundation has come out to say the new protocol may not reduce gas fees and speed as is currently expected. This solidifies the need for Layer-2 protocols like Polygon and a viable case to believe SuperLayer will have enough startups to inject its received funds into.

Image source: Shutterstock

Credit: Source link

ShareTweetSendPinShare
Previous Post

Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers – Regulation Bitcoin News

Next Post

These 16 Crypto Exchanges Have Been Flagged By South Korean Financial Regulator

Related Posts

Japan’s JCBA Submits Initial Proposal for IEO Regulatory Reform to JVCEA

Japan’s JCBA Submits Initial Proposal for IEO Regulatory Reform to JVCEA

September 26, 2023

Key Takeaways JCBA (Japan Cryptocurrency Business Association) submits initial proposal for IEO (Initial Exchange Offering) regulatory reform to JVCEA (Japan...

Amazon Invests $4 Billion in AI Startup Anthropic for Advanced Foundation Models

Amazon Invests $4 Billion in AI Startup Anthropic for Advanced Foundation Models

September 26, 2023

Key Takeaways Amazon to invest up to $4 billion in Anthropic. Anthropic gains access to AWS Trainium and Inferentia chips....

1INCH Jumps 4% – Are DEX Aggregators the Future?

1INCH Jumps 4% – Are DEX Aggregators the Future?

September 26, 2023

Join Our Telegram channel to stay up to date on breaking news coverage 1inch (1INCH) price is trading is scaling...

Tyrion.finance Price Prediction: TYRION Gains 24% – Is the Lannister Economy Strong?

Tyrion.finance Price Prediction: TYRION Gains 24% – Is the Lannister Economy Strong?

September 26, 2023

Join Our Telegram channel to stay up to date on breaking news coverage Tyrion.finance (TYRION) price remains bullish on all...

ApeCoin Price Prediction: APE Moves 2% – Jungle Domination Ahead?

ApeCoin Price Prediction: APE Moves 2% – Jungle Domination Ahead?

September 26, 2023

ApeCoin (APE) price has rallied 2% over the last 24 hours to trade at $1.126. Its 24-hour trading volume is...

Load More
Next Post
These 16 Crypto Exchanges Have Been Flagged By South Korean Financial Regulator

These 16 Crypto Exchanges Have Been Flagged By South Korean Financial Regulator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ripple says it will fight the SEC lawsuit 'all the way through' – CNBC

Ripple says it will fight the SEC lawsuit 'all the way through' – CNBC

September 13, 2023
Circle’s USDC will launch natively on Optimism, Coinbase’s Base next week

Circle’s USDC will launch natively on Optimism, Coinbase’s Base next week

August 31, 2023
Panerai Launches NFT Digital Passports for Watch Authenticity

Panerai Launches NFT Digital Passports for Watch Authenticity

September 13, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Rodarmor Returns: Announces "Runes Protocol" To Compete With BRC-20
  • Cryptocurrency And The Newly Proposed Tax Rules On Digital Assets – Forbes
  • Here’s How Shiba Budz (BUDZ) Stands Out From Other Meme Tokens, Can Dogecoin (DOGE) and Pepe (PEPE) Compete

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,248.00-0.56%
  • ethereumEthereum(ETH)$1,589.45-0.39%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.05%
  • binancecoinBNB(BNB)$212.040.81%
  • rippleXRP(XRP)$0.50-0.38%
  • usd-coinUSDC(USDC)$1.00-0.15%
  • staked-etherLido Staked Ether(STETH)$1,588.61-0.47%
  • cardanoCardano(ADA)$0.244580-0.40%
  • dogecoinDogecoin(DOGE)$0.060435-1.12%
  • solanaSolana(SOL)$19.24-1.61%
  • tronTRON(TRX)$0.0847120.34%
  • ToncoinToncoin(TON)$2.12-1.43%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.02-1.52%
  • matic-networkPolygon(MATIC)$0.52-0.57%
  • litecoinLitecoin(LTC)$63.94-0.98%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.43%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,215.00-0.55%
  • bitcoin-cashBitcoin Cash(BCH)$214.131.43%
  • chainlinkChainlink(LINK)$7.40-1.07%
  • daiDai(DAI)$1.00-0.12%
  • true-usdTrueUSD(TUSD)$1.00-0.30%
  • leo-tokenLEO Token(LEO)$3.66-3.47%
  • uniswapUniswap(UNI)$4.25-0.51%
  • avalanche-2Avalanche(AVAX)$8.990.58%
  • stellarStellar(XLM)$0.112384-0.66%
  • moneroMonero(XMR)$144.77-0.11%
  • okbOKB(OKB)$43.140.26%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • binance-usdBUSD(BUSD)$1.00-0.21%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.10-1.02%
  • cosmosCosmos Hub(ATOM)$6.99-1.07%
  • hedera-hashgraphHedera(HBAR)$0.049519-2.00%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • filecoinFilecoin(FIL)$3.19-0.89%
  • crypto-com-chainCronos(CRO)$0.050058-0.67%
  • internet-computerInternet Computer(ICP)$2.95-1.70%
  • lido-daoLido DAO(LDO)$1.46-1.52%
  • makerMaker(MKR)$1,423.578.47%
  • AptosAptos(APT)$5.36-4.57%
  • MantleMantle(MNT)$0.389969-0.93%
  • quant-networkQuant(QNT)$85.88-2.51%
  • vechainVeChain(VET)$0.016602-1.36%
  • ArbitrumArbitrum(ARB)$0.821.29%
  • nearNEAR Protocol(NEAR)$1.09-1.56%
  • optimismOptimism(OP)$1.282.23%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.046698-1.28%