Caldera, a popular platform specializing in developing customizable, application-specific, and high-performance L2 blockchains, has announced a funding round. Caldera disclosed that the Series A funding round of $15M worth, under the lead of Founders Fund, focuses on the development of the Metalayer. The company took to its official social media account on X to provide the details of the respective endeavor.

Caldera Receives $15 Million in a Founder Fund-Led Series A Funding Round

In its latest X post, the firm expressed its enthusiasm about this initiative. Additionally, it mentioned that the cumulative funding of the platform has reached the $25M mark with this capital injection. This will reportedly fuel the company’s ambitious objective to develop the Metalayer. It reportedly operates as the final solution concerning the Ethereum rollups.

The platform revealed its determination to push blockchain technology’s boundaries. The Metlayer reportedly denotes the firm’s vision for a bright future for Ethereum. The project targets making the network accessible, efficient, and scalable on a worldwide scale. This landmark technology reportedly intends to address the present limitations dealing with the Ethereum rollups.

The Exclusive Capital Injection Permits Caldera to Develop and Deploy Metalayer

In addition to this, it also focuses on offering a resilient infrastructure to back the expansion of smart contracts and decentralized applications. In line with its design, Metalayer pays significant attention to improving the Ethereum rollups’ scalability and performance. For this purpose, it integrates cutting-edge solutions to streamline transfers and minimize costs. Caldera asserted that the current funding round will permit the firm to accelerate Metalayer’s deployment.