Project

Nuffle Labs Raises $13 Million to Expand Modular Infrastructure for Blockchain Layers

Nuffle Labs, a contributor to the Near Protocol and Ethereum, has secured $13 million in a funding round led by Electric Capital. The investment aims to enhance its modular infrastructure services across various blockchain layers, promising cost-efficient solutions and rapid data finality.

The Nuffle Labs funding round saw participation from several key venture firms and notable angel investors, including Fabric Ventures, Robot Ventures, and Caladan. Noteworthy individual contributors included Dovey Won of Primitive Ventures and Sandeep Nailwal of Polygon, among others.

In an X thread, Nuffle Labs said the strategic injection of capital underscores the growing confidence in Nuffle Labs’ innovative approach to blockchain infrastructure, which includes its recent projects like the Near Data Availability (DA) solution, reducing operational costs dramatically from traditional platforms.

Nuffle Labs also discussed the Nuffle Fast Finality Layer (NFFL), a state-of-the-art system designed to speed up transaction finality on Ethereum’s layer two (L2) rollups. The NFFL is currently in testnet phase and integrates advanced features from the Near Protocol and Ethereum to offer fast, secure, and seamless cross-rollup transactions.

Nuffle Labs believes the technology is set to revolutionize user experiences across blockchain networks by addressing issues like liquidity fragmentation and high finality times that typically slow down blockchain transactions. “This is just the beginning of our journey,” the organization concluded on Thursday.

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