Ethereum Layer 2's LightLink has garnered $4.5 million in investment to accelerate its no-gas fee transaction process.

Ethereum Layer 2 blockchain  LightLink The company wrapped up a $4.5 million seed funding round led by real estate giant MQDC, media and entertainment powerhouse T&B Media Global, and several Web3-focused venture capitalists like JellyC, Aweh Ventures, B3V, Blue7, Organik, Big Kid Ventures, and Gandel Invest.

LightLink, powered by Pellar Technologies' blockchain platform, facilitates decentralized applications and allows businesses to offer incredibly fast, fee-free transactions. This company ranks among the top 10 blockchain rollup solutions, achieving an impressive processing speed of 5,712 transactions per second with just 500 milliseconds of latency. Their Layer 2 scaling solution has already attracted over 215,000 unique addresses and is fully operational on-chain. wallet Roy Hui, Co-Founder and CEO of LightLink, expressed, \"Our mission is to connect the digital economy with millions around the world. This funding allows us to intensify our efforts in making blockchain as straightforward as traditional web applications, emphasizing gasless transactions.\"

Roy Hui is realizing this ambitious vision by collaborating with a skilled team of blockchain experts.

LightLink has a strong portfolio, having previously collaborated with its main seed investors to launch Translucia, a project that blends the virtual and physical worlds with $300 million in backing from T&B Media Global and MQDC. Ethereum  experts.

For Translucia, LightLink has brought about quick and costless transactions, making it more user-friendly for those familiar with traditional Web2 environments, while alleviating the typical hurdles associated with Web3 platforms that often require heavy computational resources.

Dr. Jwanwat Ahriyavraromp, CEO of T&B Media Global and the mastermind behind Translucia, remarked, \"This partnership exemplifies perfect alignment driven by our joint ambition to create a connected and user-friendly digital landscape that brings joy worldwide. We are excited to showcase the vast capabilities of Web3 to Web2 users, believing this marks a pivotal step toward democratizing digital technologies.\"

LightLink Powers Ahead with Support from Animoca Brands

Following their successful seed funding round, LightLink recently joined forces with Animoca Brands, a leader in metaverse and gaming software, aiming to weave LightLink's Ethereum Layer 2 technology into Animoca's gaming ventures for the advancement of the Web3 gaming sector.

Thanks to LightLink’s exclusive Enterprise Mode, the plan is to enable gasless transactions, with fees potentially dipping as low as $0.01 throughout its network. collaboration It's essential to understand that the details presented on this page are not designed to serve as and should not be perceived as legal, tax, investment, financial, or any kind of advice. It's crucial that you only invest what you can afford to lose, and seek independent financial counsel should you have any uncertainties. For more information, please check the terms and conditions along with the help and support pages that the issuer or advertiser have made available. MetaversePost is committed to providing accurate and unbiased information, keeping in mind that market situations can fluctuate without notice.

Alisa, a passionate journalist at Cryptocurrencylistings, has carved out a niche covering cryptocurrency, zero-knowledge proofs, investments, and the expansive world of Web3. She possesses a sharp eye for identifying emerging trends and technologies, delivering in-depth analyses to engage readers amid the swiftly changing landscape of digital finance. Animoca Brands Cryptocurrencylistings.com Unveils CandyDrop To Simplify Crypto Access and Boost User Engagement with Quality Projects