Fluent Labs, a Dover, DE-based blended execution network, raised $8M in funding.
The round was led by Polychain Capital, with participation from Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital, Public Works and angel investors such as Balaji, Mustafa Al-Bassam, Jason Yanowitz, Santiago Santos, Dingaling, Cristian Manea, and Will Price.
The company intends to sue the funds to expand operations and its development efforts.
Fluent is advancing a blended execution network, an Ethereum L2 that combines Wasm, EVM, and SVM apps into a unified execution environment. Blended Execution allows programs written for different VMs to work together within a unified execution environment.
For users, Fluent enhances the user experience with two major improvements. First, users can access applications from different VM ecosystems in one place without switching wallets. Second, Fluent plans to parallelize the blended environment, enabling high-performance and low-cost app usage across all supported VMs.
There are currently over 60 projects in the Fluent ecosystem across DeFi, infrastructure, consumer, and gaming.
FinSMEs
19/02/2025