Nuffle Labs, a contributor to the Near Protocol and Ethereum, has secured $13 million in a funding round led by Electric Capital. This investment aims to enhance its modular infrastructure services across various blockchain layers, offering cost-efficient solutions and rapid data finality.
**Nuffle Labs Secures $13 Million for Modular Blockchain Expansion**
The funding round included participation from several key venture firms and notable angel investors, such as Fabric Ventures, Robot Ventures, and Caladan. Prominent individual contributors included Dovey Won of Primitive Ventures and Sandeep Nailwal of Polygon.
In a thread on X, Nuffle Labs stated that this strategic capital injection reflects growing confidence in its innovative approach to blockchain infrastructure. The company’s recent projects include the Near Data Availability (DA) solution, which significantly reduces operational costs compared to traditional platforms.
Nuffle Labs also highlighted the Nuffle Fast Finality Layer (NFFL), a cutting-edge system designed to accelerate transaction finality on Ethereum’s layer two (L2) rollups. Currently in the testnet phase, the NFFL integrates advanced features from the Near Protocol and Ethereum to provide fast, secure, and seamless cross-rollup transactions.
Nuffle Labs believes this technology will revolutionize user experiences across blockchain networks by addressing issues such as liquidity fragmentation and high finality times, which typically slow down blockchain transactions. “This is just the beginning of our journey,” the organization concluded on Thursday.
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Source: news.bitcoin.com
