Aligned Layer, a startup known as a “universal verification layer for Ethereum,” recently announced that it successfully raised $2.6 million in seed funding. Lemniscap, a well-established firm in the crypto blockchain space, led the funding round, with additional support from Bankless Ventures, Paper Ventures, StarkWare, O(1)Labs, and Ingonyama CEO Omer Shlomovits.

Aligned Layer aims to be the first decentralized ZK Proof verification layer for Ethereum, powered by Eigen Layer, a restaking mechanism that enhances security for other protocols by reallocating staked ETH and Liquid Staking Tokens (LSTs).

Goals of Aligned Layer:
– Expand operations and accelerate the mainnet launch in the second quarter of 2024
– Lower costs and improve speeds for developers building applications like L2s (layer-2 networks)
– Provide developers with more flexibility in choosing the proof system that best suits their needs

The funding will also support the participation of angel investors and help Aligned Layer achieve its objectives. The company believes in making Ethereum the most cost-effective and efficient platform for ZK verification using Eigen Layer.

In a statement, Aligned Layer co-founder Roberto José Catalán expressed the team’s commitment to empowering developers and providing them with the tools they need to succeed in the dynamic field of cryptocurrencies and blockchain technology.

The recent funding round for Aligned Layer is part of a broader trend in the crypto industry, with significant investments being made in various projects. This includes New York-based Monad Labs, which secured $225 million in funding, and Bitcoin layer-2 network Mezo, which raised $21 million in a round led by Pantera.

Overall, the crypto industry continues to attract substantial investment, with global investors putting $2.5 billion into crypto-related startups in the first three months of 2024. This signals a growing interest in the potential of cryptocurrencies, blockchain technology, and related innovations.

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