Ethereum startup Aligned Layer secures $2.6 million in venture capital funding, with Lemniscap leading the round. Aligned Layer aims to be a decentralized ZK Proof verification layer for Ethereum and is powered by Eigen Layer. The funding will be used to expand operations and accelerate the mainnet launch, scheduled for Q2 2024. The company’s goal is to lower costs and improve speeds for developers building applications on layer-2 networks. The seed round also saw participation from angel investors, and the funds will provide enough runway to achieve the company’s goals. This funding comes amidst a busy week for crypto venture capitalists, with Monad Labs and Mezo also securing significant investments. Global investors invested $2.5 billion in crypto-related startups during Q1 2024.
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Ethereum startup Aligned Layer clinches $2.6m in venture capital
