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Ethereum Firm Chainbound Raises $4.6M for Bolt Protocol

Aug 26, 2024, 12:45 PM

Ethereum research firm Chainbound has successfully raised $4.6 million in seed financing to develop its transaction preconfirmation protocol, known as Bolt. The funding aims to advance the Bolt Protocol, which is designed to enable advanced preconfirmations on the Ethereum network, potentially achieving sub-second confirmations. This investment marks a significant step for Chainbound following the release of Bolt Alpha, as the firm looks to propel its next phase of growth.