Solana Optimistic Network, known as SOON, has raised an undisclosed amount in a “cobuilder” round.
Participants include Solana Foundation Chair Lily Liu, Solana Labs Co-Founder Anatoly Yakovenko, Coinbase Ventures President Jonathan King, Celestia Labs Co-Founder Mustafa Al-Basam, Avail Co-Founder Robinson Burke, and Wormhole Foundation Co-Founder Robinson Burke.
According to the press release, the round is targeted solely at construction companies (as the name suggests) and claims no venture capital firm involvement.
According to a press release, the funds raised will be used to build the flagship product, the SOON Stack and the SOON Mainnet, making SOON “the highest throughput rollup stack that brings scalability and efficiency to decentralized applications and all layer 1 blockchains.”
SOON Stack is a modular framework that combines SVM and OP Stack. SOON Mainnet is a general-purpose SVM Layer 2 that has settled on Ethereum.
“SOON’s vision is to combine Solana’s powerful engine and SVM with the liquidity and user base of other L1s, and make SVM the standard for the entire L1 ecosystem. This will allow all developers, previously constrained by their execution environment, to deliver the best possible UX to their users,” said Joanna Zheng, CEO and co-founder of SOON.
“With SOON, we aim to deliver the most efficient rollup while reducing costs and increasing performance 100x across the ecosystem. This complements our culture of being friendly to non-Solana blue chips compared to the highest performing EVMs,” Zeng added.
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