Stateless Rollup Versatus LASR represents a pure execution environment that relocates computing processes off-chain without the inherent responsibilities or costs associated with maintaining state and storing data.
On Wednesday, December 6, Versatus Labs, a peer-to-peer web services protocol, announced a successful funding round of $2.3 million with leading investors. Republic Crypto and NGC Ventures. The fundraising values the company at $50 million. It will also help Versatus Labs bring Versatus LASR to market. The world’s first stateless rollup.
Versatus has successfully secured $3.7 million in cumulative funding, with support from notable backers such as Jump Crypto, BigBrain Holdings, NGC Ventures, Republic Crypto, Taureon Group, and Hyperithm. The platform has established strategic partnerships with data availability service EigenLayer, liquid staking platform Stader Labs, and Web3 venture Anagram.
Founded by distributed systems veteran Andrew Smith, Versatus is breaking new ground in distributed verifiable computing innovation. The platform enables developers to seamlessly transition from Web2 to Web3, delivering unparalleled speed and cost-effectiveness while ensuring broad decentralization without compromising security.
Versatus allows developers to seamlessly transition from Web2 to Web3 by leveraging familiar tools and frameworks for a variety of processes such as prototyping, optimization, DevOps, testing, and deployment.
Positioned to engage 20 million developers globally, Versatus is poised to spark a significant surge in the Web3 ecosystem.
About Versatus LASR
next