- The funds raised will be used to grow the core products of Ethereum compatible blockchain such as Layer 2 networks.
- The founder of Aligned is a former Chief Strategy Officer of ConsenSys.
DeFi and Web3 infrastructure company Aligned has secured $ 34 million in funding, the company announced Thursday.
Investors include GSR, Altium Capital, Cavalry Fund, as well as individual investors such as film producer Happy Walters. This is the company’s first funding round, founder Sam Cassatt told Blockworks.
Former Chief Strategy Officer of ConsenSys, Cassatt founds Aligned to deliver products for mining, high performance computing, staking, and liquidity provisioning through DeFi’s unchanging full-stack infrastructure. I said I did.
“”[We’re taking] We will consider deeply and thoughtfully what the next-generation infrastructure will look like in Web3, “says Cassatt. “Web3’s architecture is different from Web2. For us, we’re not just buying commodity hardware or renting it from AWS, we’re building custom hardware.”
Over the last 12 months, DeFi demand has grown astronomically. According to DeFi Llama data, the total value fixed to the DeFi protocol has increased by 237% from $ 55.36 billion to $ 186.55 billion year-on-year.
“Demand will continue to grow,” Cassatt said. “This never slows down. It gets bigger day by day.”
The funds raised will be used to grow the core products of Ethereum compatible blockchain such as Layer 2 networks.
“My background is very devoted to Ethereum and has helped bring it to market,” Cassatt told Blockworks. “But we will neglect to focus only on the Ethereum network.”
Overall, liquidity needs to be rolled out into many new architectures and frameworks, and Cassatt said the company is working as hard as it can to be agnostic to the tokens and the network itself.
According to Cassatt, he plans to continue expanding the Web3 architecture, increasing opportunities for crypto companies to build in this area.
“Our hope is that we can help businesses get up and running faster because they protect their networks and have the infrastructure they can use.”
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