Funding of $15 Million for Caldera's Series A to Combine Layer 2 and Layer 3 Networks via 'Metalayer' Technology
Caldera, a Web3 infrastructure platform, is set to revolutionise the Ethereum network with its new project, Metalayer. This innovative infrastructure aims to unify layer-2 and layer-3 rollup networks on Ethereum into a single, interconnected system [1][3][4].
As a bridge and a hub, Metalayer connects various types of rollups, including Optimistic and Zero-Knowledge (ZK) rollups. It offers several key benefits:
- Cross-rollup communication: Allowing rollups to securely transmit data and messages between each other.
- Resource sharing: Enabling projects on one rollup to leverage infrastructure and services from others.
- Unified security model: Anchoring the entire multi-rollup ecosystem to Ethereum's security, preserving decentralization and trust [1][3][4].
This modular and interconnected approach creates an "Internet of Rollups" or "Internet of Chains," transforming what were previously isolated, fragmented scaling solutions into a cohesive, interoperable network. This network offers horizontal scalability, flexibility for developers, and access to shared liquidity and intent-based bridging across chains [1][2][3][4].
Caldera's Metalayer is designed to be a foundational interoperability layer that unifies Ethereum-based layer-2 and layer-3 scaling solutions and rollups into a scalable, collaborative, and secure network infrastructure for Web3 applications [1][3][4].
Caldera's rollup-as-a-service platform has already onboarded over 50 networks and chains, including Manta Pacific, Injective, ApeChain, Plume Network, Kinto, and RARI Chain. The company has secured a $15 million Series A round led by Peter Thie's Founders Fund, with participation from Dragonfly, Sequoia Capital, Arkstream Capital, Lattice Fund, and others [2].
Joey Krug, partner at Founders Fund, stated that Caldera is capturing two core markets: major existing projects looking to launch their own rollup, and new teams that may not have the capital or infrastructure to manually launch their own chain from scratch. Anirudh Pai, partner at Dragonfly, believes that the Metalayer will bring them closer to the end-game of blockchain scalability and will crucially oxygenate the Ethereum ecosystem [2].
Caldera's services allow developers to focus on their core products while the company handles the underlying infrastructure. This infrastructure is expected to help web3 teams leverage shared network effects, enjoy greater scalability, efficiency, and security [2]. Metalayer is poised to unlock new potential for novel dApp, network, and token designs within the Ethereum rollup ecosystem.
[1] https://caldera.xyz/metalayer [2] https://techcrunch.com/2022/04/26/caldera-raises-15m-to-build-an-infrastructure-platform-for-ethereum-rollups/ [3] https://decrypt.co/85024/caldera-raises-15m-to-build-infrastructure-for-ethereum-rollups [4] https://www.coindesk.com/business/2022/04/26/caldera-raises-15m-to-build-infrastructure-for-ethereum-rollups/
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