Rome, a Solana-based Crypto Startup Raises $9 Million in Funding
Rome, a crypto startup project aiming to revolutionize the world of layer-2 blockchains built atop Ethereum, has emerged from stealth mode with a bang. The project announced that it has secured a whopping $9 million in funding from a group of top-tier investors, including Hack VC, Polygon Ventures, and HashKey.
The key focus of Rome is to utilize Solana as an auxiliary network to provide services to layer-2 blockchains on Ethereum. This approach is seen as a game-changer in the industry, as it aims to address the issue of centralized sequencers and high costs associated with storing transactional data on the main Ethereum chain.
According to a press release shared with CoinDesk, Rome has attracted investment from a diverse group of investors, including notable angels such as Anatoly Yakovenko and Nick White. The project’s co-founder, Kumar, highlighted the importance of using Solana as a state chain, emphasizing its efficiency and scalability compared to other blockchain networks.
One of the key features of Rome is its ability to facilitate “atomic transactions” between Ethereum layer-2 networks, ensuring that transactions are either fully completed or not at all. This innovative approach minimizes the risk for users and reduces transaction costs significantly.
Rome’s entry into the crypto space comes at a time when other projects are also exploring the concept of shared sequencers and decentralized autonomous organizations (DA). The project plans to open its closed network to developers this month, with a test network scheduled for the end of 2024 and a main network launch in mid-2025.
With Rome’s ambitious vision and strong financial backing, the project is poised to make a significant impact on the world of layer-2 blockchains and decentralized finance. Stay tuned for more updates on this exciting development in the crypto world.
