NodeKit, an Ames, IA-based company developing SEQ, a shared sequencer L1, raised $1.2M in Pre-Seed funding.
The round was led by Borderless Capital with participation from Avalanche’s Blizzard Fund, Polygon Ventures, Wormhole Cross-Chain Ecosystem Fund, and many angels.
The company intends to use the funds to help decentralize rollups empowered by SEQ.
Led by CEO Noah Pravecek, CTO Nick Preszler, and founding software engineer Ricardo Tavarez, NodeKit is advancing SEQ, which is designed to help decentralize rollup transaction sequencing. SEQ aims to help rollups capitalize on their advantages with fewer tradeoffs, bringing them greater robustness, performance, and interoperability. Rollups integrating with SEQ will gain new cross-chain interoperability. This interoperability is possible because SEQ orders blocks for multiple rollups, allowing for atomic inclusion using atomic bundles within the same block.
FinSMEs
13/12/2023