Layer 1 #blockchain #Linera has successfully raised $6 million in a financing round led by Borderless Capital. ⚡
- **Use of Funds**: The raised funds will be allocated to several key areas, including team expansion, launching development and test networks for the #protocol , and further #market expansion efforts in the Asia-Pacific region.
- **Developer #Academy Growth**: Linera plans to continue growing its developer academy, aiming to enhance its educational initiatives for fostering a skilled developer community.
- **Microchains Concept**: Linera is researching a novel concept known as 'microchains.' This concept involves creating lightweight chains for individual users, which could potentially reduce the operational costs associated with on-chain activities.
- **Borderless Capital's Involvement**: Borderless Capital, a prominent investor in the blockchain space, is leading the funding round, indicating their interest and confidence in Linera's potential.
- **Future Prospects**: Linera's funding round and focus on innovative concepts like microchains showcase its commitment to advancing blockchain technology, particularly in optimizing scalability and user experience.
