Delta, a license-free L1 network, completes $11 million in financing, led by Maven 11 and others

According to BlockBeats, on October 10, the permissionless L1 network Delta completed $11 million in financing. Delta's pre-seed financing was led by Figment Capital and Maven 11, and Variant and DBA led the seed round. (Blockworks co-founder Michael Ippolito is also an angel investor.)

The functional goals of the Delta architecture are similar to major Rollup "clusters" such as OP Superchain, AggLayer, or the ZKsync Elastic Chain framework, which all face interoperability challenges brought about by the Ethereum Rollup-centric roadmap.

Delta’s architecture separates execution and transaction ordering from data availability and settlement, which in theory has advantages over application chains and Rollups. Execution in Delta occurs in individual “domains,” similar to application-specific Rollups or execution shards.