November 4, 2024
vlayer has successfully completed a $10 million pre-seed funding round, a significant development for its role in the Ethereum ecosystem. This round included investments from the a16z Crypto Startup Accelerator, Credo Ventures, BlockTower Capital, and angel investors like Remco Bloemen and Jakub Florkiewicz. The funding occurred in two phases: $3 million in February and $7 million in August, structured through Simple Agreements for Future Equity (SAFE) and Simple Agreements for Future Tokens (SAFT), maintaining flexibility and confidentiality regarding valuation.
The startup aims to enhance Ethereum’s Solidity programming with "Solidity 2.0," introducing four key functions: Time Travel for executing contracts with historical data, Teleport for cross-network operations, Web proofs/zkTLS for web content verification, and Email proofs/ZK Email for email content authentication. These features will allow developers to integrate verifiable data sources, addressing the growing need for reliable data in decentralized applications.
Currently in its "open alpha" phase, Vlayer is inviting developers from DeFi and gaming sectors to explore its platform. The testnet and mainnet launches, along with a native token, are expected by 2025. With a team of 20 employees, Vlayer plans to expand its workforce to support its growth.
About Vlayer
Vlayer is a crypto startup dedicated to enhancing Ethereum’s capabilities through verifiable data infrastructure, commonly referred to as "Solidity 2.0." By introducing new functions that allow the incorporation of verified external data into smart contracts, Vlayer aims to empower developers and drive innovation in the blockchain space. The company is currently in an alpha testing phase and is actively engaging with developers to refine its platform.
Website: https://www.vlayer.xyz/
X: @vlayer_xyz
About Investors
a16z Crypto Startup Accelerator (CSX)
a16z Crypto Startup Accelerator (CSX) As part of Andreessen Horowitz, a16z Crypto Startup Accelerator is dedicated to nurturing early-stage blockchain ventures through strategic investment and mentorship.
Location: New York City Website: https://a16zcrypto.com/
Credo Ventures
Credo Ventures focuses on early-stage investments in technology startups, particularly in Central and Eastern Europe, fostering innovation and growth.
Location: Prague, Czech Republic Website: https://www.credoventures.com/
BlockTower Capital
Based in Miami, BlockTower Capital specializes in investment strategies focused on cryptocurrency and blockchain technology, aiming to capitalize on the evolving digital asset landscape.
Location: Miami, Florida
Website: https://www.blocktower.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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