Web3-microchains startup Linera closed a funding round of $6 million led by venture capital firm Borderless Capital.
Other investors include: Laser Digital Ventures, DFG, Cadenza, Block1, Eterna Capital, MH Ventures, Matrixport, L2IV, ArkStream, Flow Traders, GSR Markets and OWC.
Earlier in the seed round, the project also secured $6 million with participation from a16z Crypto, Tribe Capital and Cygni Capital. The total initial funding in Linera stands at $12 million.
“What if you could take a step back and design a scalable blockchain from the ground up? … Linera is the first L1 infrastructure optimised for low-latency Web3 applications,” explained the startup’s founder Mathieu Bodé.
Bodé explained that the number of microchains in the ecosystem should be unlimited, thereby “providing infinite block space as a service.”
As a compatible virtual machine, the project uses WebAssembly (Wasm).
The Linera team has already released developer tools publicly. The initial programming language chosen is Rust, but their toolkit will be expanded in the future.
In August, the interoperability-focused blockchain platform ZetaChain closed a funding round of $27 million.