Summary:
- Solana Optimistic Network (SOON) secures cobuilder funding round from blockchain industry figures.
- SOON Stack and SOON Mainnet focus on developing flagship products for increased transaction capacities.
Solana Optimistic Network Funding:
Solana Optimistic Network (SOON) has recently raised a ‘cobuilder’ funding round supported by key players in the blockchain space. This round, backed by industry builders rather than traditional venture capital firms, is aimed at advancing the development of SOON’s primary products, SOON Stack, and SOON Mainnet.
SOON Stack and SOON Mainnet Development:
The SOON Stack is a modular framework that integrates the Solana Virtual Machine with various Layer 1 blockchains like Ethereum and Cosmos. This innovative approach is set to enhance transaction capacities and throughput while keeping fees low. Additionally, the upcoming SOON Mainnet, to be launched on Ethereum, is expected to significantly increase the network’s transaction capacity, potentially reaching up to 650,000 transactions per second. The funding secured by SOON will further drive their mission of creating a scalable solution for decentralized applications across multiple blockchains.
