Optimum Secures $11 Million Seed Funding to Enhance Blockchain Memory Layer
Optimum, a decentralized memory layer for blockchains, secured an $11 million seed round led by 1kx. Notable investors include Robot Ventures, Finality Capital, and Animoca.
- Optimum aims to enhance data storage, access, and propagation in blockchain technology.
- The project's core innovation is Random Linear Network Coding (RLNC), developed by MIT professor Muriel Médard.
- Current blockchain systems face inefficiencies such as outdated data propagation methods and congested memepools.
- Optimum's infrastructure addresses these issues to improve data efficiency and access speed.
- A private testnet is now live, targeting Layer 1 and Layer 2 solutions, validators, and node operators.