NEAR Foundation Launches Nuffle Labs with $13 Million Funding on June 13

Jun 13, 2024, 01:29 PM

The NEAR Foundation has announced the formation of Nuffle Labs on June 13, a new entity created to develop next-generation modular infrastructure. Nuffle Labs has secured $13 million in funding, led by Electric Capital, with participation from Canonical Crypto, Fabric Ventures, Caladan, Black Dragon, Robot Ventures, Lyrik Ventures, and the NEAR Foundation. The initiative aims to address critical issues such as Data Availability and the Nuffle Fast Finality Layer. Nuffle Labs is led by core contributors from NEAR Protocol, including Mr. Altan Tutar, and aims to enhance intra- and interchain transactions to be cheap, fast, and secure.