In an exciting development for the blockchain industry, Nal, a modular blockchain network, has successfully secured $10 million in seed funding.

This substantial investment of capital is earmarked for the enhancement and update of Nal’s infrastructure and products, marking a significant milestone in the network’s journey towards changing the Web3 ecosystem.

Nal’s mission is to create a new blockchain ecosystem tailored to support diverse scenarios and innovative assets, facilitating frictionless transactions and transparent distribution of digital and crypto assets.

By delivering inclusive and secure product-level solutions, Nal is set to enable efficient issuance, low-cost trading, and seamless integration into commercial scenarios, providing end-to-end services for its clients.

The successful completion of the seed funding round comes shortly after the launch of Nal’s mainnet, which has introduced features such as the cross-chain bridge and Nal Protocol, signalling the network’s readiness to embark on a new phase of development and expansion.

Who is Nal?

Nal stands as a pioneering modular blockchain network focused on establishing a new Web3 ecosystem designed to facilitate frictionless transactions of innovative assets across diverse scenarios.

Its inclusive and secure product-level solutions enable efficient asset issuance, cost-effective transactions, and transparent asset distribution, directly integrating into business scenarios to provide peer-to-peer end-to-end services.

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Comprising a core team of Ethereum ecosystem contributors, top-tier ecosystem fund partners, and serial entrepreneurs with extensive B2B experience, Nal reflects deep global growth expertise and a strong capacity for product innovation.

The Vision of Nal:

The prevailing landscape of Web3 networks and cryptocurrencies has been primarily characterised by strong financial attributes, yet the lack of practical application scenarios has prevented their widespread adoption.

The value of crypto assets has often been confined to primary funding markets and secondary speculation, leading to economic stagnation and zero-sum games.

Nal seeks to disrupt this model by focussing on commercially valuable application scenarios. Leveraging widely adopted roll-up Layer 2 and modular technologies as a seamless underlying infrastructure, Nal is committed to building convenient, efficient, and user-friendly products and services, integrating commercial scenarios with the Web3 economy.

This strategic direction is aimed at providing strong ecosystem support for genuinely valuable business applications, shaping a healthy and sustainable new Web3 ecosystem.

The $10 million seed funding will empower Nal to launch a series of new products and initiatives, further strengthening its position as a frontrunner in pioneering a tangible and robust blockchain ecosystem.

Understanding Modular Blockchains:

Modular blockchains represent an architectural advancement aimed at replacing the one-size-fits-all approach relied upon by Web3 networks.

The modular design breaks down blockchain functionality into independent components, including execution, settlement, consensus, and data availability, ensuring efficiency and scalability through optimisation for specific purposes.

Key Benefits of Modular Blockchains:

Scalability: Modular blockchains enable the offloading of operational responsibilities to dedicated chains, minimising the burden on settlement layers and empowering developers to optimise critical consensus and ordering functions.

Security: The leverage provided by modular blockchains enables developers to deploy new chains using existing validator nodes, effectively reducing upfront costs and streamlining the development process.

Flexibility: The modular nature of these blockchains allows developers to experiment and build customised networks optimised for performance, security, and cost, offering unparalleled flexibility for innovation.

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The emergence of modular blockchain technology introduces dedicated data availability layers that separate storage from core functionalities, promoting greater efficiency and flexibility for DApp development, thereby propelling the blockchain industry into a new era of innovation and progress.

Nal’s successful seed funding round and its commitment to modular blockchain technology underline its pivotal role in driving the evolution of the Web3 ecosystem and shaping the future of digital asset transactions.

Its vision for a commercially viable and sustainable blockchain network positions it as a leader of innovation and progress in the ever-expanding blockchain landscape.