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The NEAR Foundation has announced the formation of Nuffle Labs on June 13, a new entity created to develop next-generation modular infrastructure. Nuffle Labs has secured $13 million in funding, led by Electric Capital, with participation from Canonical Crypto, Fabric Ventures, Caladan, Black Dragon, Robot Ventures, Lyrik Ventures, and the NEAR Foundation. The initiative aims to address critical issues such as Data Availability and the Nuffle Fast Finality Layer. Nuffle Labs is led by core contributors from NEAR Protocol, including Mr. Altan Tutar, and aims to enhance intra- and interchain transactions to be cheap, fast, and secure.
We're excited to spin out NEAR Modular, including NEAR DA and the NEAR Fast Finality Layer, to become @NuffleLabs. These products bring the speed, cost-efficiency, & usability of @nearprotocol to ETH rollups and beyond. NEAR DA is the best DA solution on the market.
We can't get enough of 'nuff! 🥽 Today, our partners at @nufflelabs are coming out of stealth! 🔥 Nuffle (led by @mraltantutar, @swang__, @sarifirfir123 — core contributors from @NEARProtocol) is solving two critical problems: Data Availability and Fast Finality! 'Nuff said! https://t.co/qZxwoEZwDr
We are excited to support @nufflelabs, the builders behind NEAR DA and the Nuffle Fast Finality Layer. We believe @mraltantutar and team have the expertise to advance these modular solutions, creating a world where intra- and interchain transactions are cheap, fast, and secure. https://t.co/19ehT8n5Km
