T1 Protocol Secures Pre-Seed Funding To Address Ethereum Challenges

According to PANews, T1 Protocol, a layer-2 blockchain protocol, has announced the completion of its pre-seed funding round. The round saw participation from notable investors including a16z Crypto, BreedVC, and several prominent figures such as Benedikt Bünz, Sam Kazemian, Amir Bandeali, Eric Chan, Kartik Talwar, Kubi Mensah, and Meltem Demirors. The specific amount raised has not been disclosed. T1 Protocol aims to tackle the issues of fragmentation and composability within Ethereum. Additionally, the protocol will be part of the a16z Crypto Startup Accelerator (CSX).