Odaily Planet Daily News Optimum announced the completion of angel round financing, investors include Abhijeet Mahagaonkar (Polychain CTO), Arthur Cheong (founder of DeFiance Capital), Gracy Chen (Bitget CEO), Robinson Burkey (Wormhole co-founder), Sandeep Nailwal (Polygon co-founder) and Saurabh Sharma (Jump Crypto managing partner). The financing funds will be used to accelerate product development, and the specific amount has not been disclosed.
It is reported that the project was co-founded by Professor Muriel Médard, Dean of NEC of MIT Computer Science Department, Dr. Kishori Konwar and Kent Lin, President of Harvard Blockchain Association, and built a full-chain expansion solution based on the research results of MIT Network Coding and Reliable Communications Research Institute.
Optimum can provide high-performance memory infrastructure based on random linear network coding (RLNC) for any L1/L2 blockchain and node operator, including two products: P2P data communication layer and decentralized memory layer (deRAM). This technology aims to break through the blockchain scalability bottleneck, achieve fast data transmission, efficient storage and real-time access, and bring comprehensive performance improvements to L1/L2 blockchains, node operators, dApp developers and users.