Conduit, a remote crypto native infrastructure platform, raised $7M in Seed funding.
The round was led by Paradigm, with participation from Robert Miller, Ludwig Pettersson, Dan Romero, Guillaume Poncin, Joshua Ma, and Lakshman Sankar.
The company intends to use the funds to expand operations and its development efforts.
Founded by Andrew Huang, Conduit is a crypto-native platform that enables developers to launch OP stack rollups. The company also announced its partnership with Optimism. The first offering allows teams to scale their applications by allowing them to spin up a production-grade rollup, built on the OP Stack. App-specific rollups on Conduit are launched, maintained, and scaled by infrastructure professionals so that teams can focus on building products.
Deployments come complete with everything users need, including a block explorer, autoscalable RPCs, metrics, and samsczun’s transaction tracer. The deployments will run the same tech as Optimism Mainnet and will be secured by Ethereum.
DeFi protocols, gaming companies, NFT platforms, and other on-chain providers can use it to scale their applications.
FinSMEs
28/03/2023