According to BlockBeats, on September 16, The Block reported that Layer 2 protocol RISE Chain completed a $3.2 million seed round of financing, led by Finality Capital, with participation from Orange DAO, DACM, ether.fi Ventures, P2 Ventures, MH Ventures, Public Works, Vitalik Buterin, Stani Kulechov, Anthony Sassano (also known as sassal.eth), DCF God and others.
It is reported that RISE Chain aims to open a new generation of Gigagas applications. The RISE technology stack provides a throughput of more than 1 billion gas per second, which can achieve this breakthrough through step-by-step technical improvements, solving execution and state access problems, including pevm-the fastest public EVM execution engine, continuous execution, versioned Merkle tree and RiseDB.
