Revolutionizing Blockchain: Eclipse Labs Secures $50M Investment Before Launching Layer-2 Mainnet

Eclipse Labs, the blockchain initiative to scale Ethereum using Solana technology, has recently raised $50 million in funding and is about to open its mainnet to developers within the upcoming weeks. The project is focused on decentralizing its governance structure over time. Their developers seek to create strong speed and security model to support rapid scaling for the entire ETH ecosystem by leveraging a mix of Solana, Celestia, Ethereum, and RISC Zero technology. The aim is to increase speed and lower costs for Ethereum users. n

Eclipse Labs, a blockchain company aiming to scale Ethereum using innovative Solana technology, has successfully raised $50 million in funding and is set to launch its mainnet to developers in the next few weeks. The project is focused on gradually decentralizing its governance structure over time.

The team behind Eclipse Labs has developed a unique solution that combines the speed of Solana with the security of Ethereum. By utilizing technology from Solana, Celestia, Ethereum, and RISC Zero, Eclipse seeks to create a strong and efficient system for scaling the entire Ethereum ecosystem. This will not only increase transaction speed but also lower costs for Ethereum users.

In an interview, Eclipse Labs CEO Neel Somani declined to disclose the company’s current valuation, but revealed that the project had previously raised money at a nine-figure valuation in September 2022.

With the recent funding round, Eclipse Labs plans to fill top positions in growth, human resources, and research teams as they prepare for their mainnet launch. According to a developer building an app for Eclipse, the launch is just a few weeks away.

Somani also mentioned that some major Solana protocols, including the popular lending platform Solend, have already committed to operating on Eclipse’s platform. This is a positive sign for the project, as these protocols are well-established and trusted within the crypto community.

When asked about the possibility of a token airdrop, Somani stated that Eclipse Labs is committed to gradually decentralizing its governance structure over time. While he did not confirm the exact details, he did acknowledge that airdropping tokens has become a common method for decentralizing governance in the crypto space.

The mainnet launch will initially target developers, meaning that there will not be a user-friendly bridge available for traders and other users to easily move money into the ecosystem. However, this has not stopped eager users in the past, as seen with Coinbase’s Base blockchain, which attracted millions of dollars in inflows before its public debut.

In conclusion, Eclipse Labs is a promising project that has already garnered significant attention and support within the crypto community. With their unique solution for scaling Ethereum, they aim to make a positive impact on the entire ecosystem while also gradually decentralizing governance. Only time will tell the full extent of their success, but for now, Eclipse Labs is definitely a project to watch out for.

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