Lava Protocol Inc., a startup specializing in providing scalable access to blockchains, has announced that it has secured $15 million in seed funding. The funding round was led by Jump Capital, Hashkey Capital, and Tribe Capital, with participation from several other notable investors and organizations.
Lava Protocol’s unique technology stack offers developers a modular network that enables easy access to blockchain data through remote procedure calls (RPC) and indexing. RPC allows applications to communicate with blockchains, while indexing helps discover the location of data for analysis and access.
By acting as a marketplace for RPC node providers, Lava Protocol allows developers to obtain data from blockchain networks effortlessly, enabling them to interact at the data layer. Data consumers can make requests to Lava, and RPC providers serve the requested data while receiving rewards.
The founder of Lava Protocol, Yair Cleper, emphasizes the vision of the company to foster innovation in Web3 by offering developers flexibility in utilizing performant and scalable infrastructure. By removing the traditional limitations of being locked into a specific blockchain, Lava Protocol allows developers to access data from a variety of RPC providers connected to the protocol.
To achieve this, Lava Protocol has collaborated closely with various ecosystems in an incentivized RPC program and partnered with node providers from NEAR, Axelar, Starknet, Koli, Agoric, and more. Currently, the protocol supports more than 30 blockchains accessible via RPC.
While Lava Protocol is currently in the testnet phase, the full launch of the protocol is planned for the first half of this year. As a precursor to the launch, Lava Protocol is introducing “Magma points,” a reward system for wallet users who connect blockchains through the service.
With this significant seed funding, Lava Protocol is well-positioned to expand its infrastructure and data marketplace, further accelerating the accessibility and scalability of blockchain technology. The successful funding round demonstrates strong support for Lava Protocol’s vision and the potential it holds in revolutionizing Web3 development by providing open access to blockchain data.
FAQ:
1. What does Lava Protocol specialize in?
Lava Protocol specializes in providing scalable access to blockchains.
2. Who led the seed funding round for Lava Protocol?
The seed funding round was led by Jump Capital, Hashkey Capital, and Tribe Capital.
3. What technology stack does Lava Protocol offer to developers?
Lava Protocol offers developers a modular network that enables easy access to blockchain data through remote procedure calls (RPC) and indexing.
4. What does RPC allow applications to do?
RPC allows applications to communicate with blockchains.
5. How does Lava Protocol act as a marketplace for RPC node providers?
Lava Protocol allows developers to obtain data from blockchain networks by serving as a marketplace for RPC node providers.
6. How does Lava Protocol enable data consumers to make requests?
Data consumers can make requests to Lava, and RPC providers serve the requested data while receiving rewards.
7. What is the vision of Lava Protocol?
Lava Protocol aims to foster innovation in Web3 by offering developers flexibility in utilizing performant and scalable infrastructure and removing the limitations of being locked into a specific blockchain.
8. Which ecosystems has Lava Protocol collaborated with?
Lava Protocol has collaborated closely with various ecosystems, including NEAR, Axelar, Starknet, Koli, Agoric, and more.
9. When is the full launch of Lava Protocol planned?
The full launch of Lava Protocol is planned for the first half of this year.
10. What reward system is Lava Protocol introducing?
Lava Protocol is introducing “Magma points,” a reward system for wallet users who connect blockchains through the service.
Key Terms:
– Lava Protocol: A startup specializing in providing scalable access to blockchains.
– RPC: Remote Procedure Call, which allows applications to communicate with blockchains.
– Indexing: The process of discovering the location of data for analysis and access.
Related links:
Lava Protocol Official Website
The source of the article is from the blog macnifico.pt