Solana Optimistic Network – known as SOON – has raised a ‘cobuilder’ funding round, backed by prominent figures in the blockchain space.
The round, which focuses on contributions from industry builders rather than venture capital firms, aims to support SOON’s development of its flagship products, SOON Stack and SOON Mainnet, according to a press release shared with crypto.news.
These prominent figures include Lily Liu of the Solana Foundation, Anatoly Yakovenko of Solana Labs, and Jonathan King of Coinbase Ventures.
SOON Stack is designed as a modular framework that integrates the Solana (SOL) virtual machine with several Layer 1 blockchains, including Ethereum (ETH) and Cosmos (ATOM).
The total amount of funding was not disclosed.
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Increased transaction capabilities
This structure enables the deployment of an SVM-based Layer 2 solution across ecosystems, significantly increasing throughput while keeping costs low.
SOON, Mainnet, launching on Ethereum, is expected to increase the network’s transaction capacity by up to 650,000 transactions per second.
“With SOON, we strive to be the most efficient rollup, while reducing costs and increasing performance 100x in any ecosystem, compared to the best performing EVM, complemented by a culture that is friendly to non-Solana blue chips,”
Joanna Zeng, co-founder and CEO of SOON.
The funding will enable SOON to continue its mission of creating a powerful, scalable solution for decentralized applications across multiple blockchains.
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