N1 is at the forefront of the blockchain revolution, positioning itself as a key player in the development of next-generation applications. With its slogan, "Blockchain for next generation apps," the company aims to harness the power of blockchain to create innovative solutions in the Blockchain, Crypto, and Fintech industries.
Established in 2023, N1 operates from its headquarters in the United States. The startup has developed an innovative solution known as Layer N, which is positioned as Ethereum's StateNet. This novel Layer 2 technology is designed as a network of custom and optimized rollup nodes. It boasts a shared state and liquidity layer, setting a new standard for blockchain technology advancements.
Recently, N1 secured a substantial $5.00M investment in a Seed Round on 13 September 2023. This funding round attracted notable investors such as Founders Fund, Amber Group, GSR Markets, Mirana Ventures, SALT, Kraken Ventures, dao5, as well as individual investors Karthik Raju and Spencer Noon. Such backing underscores the strong belief in N1's potential to revolutionize the blockchain landscape.