Thursday, Oct. 31

Termina, SVM-as-a-Service Platform by Nitro Labs, Raises $4M in Seed Round

As a seasoned crypto investor with a knack for spotting potential and a penchant for blockchain innovation, the news about Termina, the SVM-as-a-Service platform by Nitro Labs, raising $4 million in seed funding piqued my interest. Having witnessed the evolution of Solana and its growing ecosystem, I can’t help but feel a sense of excitement about this development.


As an analyst, I’m excited to announce that I’ve been part of the team behind Termina, the SVM-as-a-Service platform by Nitro Labs. We recently secured a $4 million seed funding round, spearheaded by Lemniscap. Understanding the scarcity of SVM infrastructure solutions in the market, our mission was to construct Termina with a primary focus on scaling the SVM and enabling developers to build customizable Solana-centric networks that prioritize performance and privacy. Currently, more than 20 ecosystem partners are collaborating with us on this venture, encompassing both native Solana projects and cross-chain initiatives. This partnership enables developers to swiftly and effectively deploy and manage tailor-made SVM networks.

Each week, we delve into the technology that powers cryptocurrencies through our column named “Protocol Village” in our newsletter, The Protocol. To receive this insightful analysis directly to your email every Wednesday, consider subscribing here. If you’re part of a project team and wish to submit updates, feel free to do so here. For past issues of Protocol Village, kindly visit this link.

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2024-10-30 22:31