Layer 1 network developer Pod completes $10 million seed round of financing, led by a16z, CSX and 1kx

According to Foresight News, The Block reported that Layer 1 network developer Pod has completed a $10 million seed round of financing, which was co-led by A16z Crypto Startup Accelerator (a16z CSX) and 1kx, with participation from Flashbots, Blockchain Builders Fund and Protagonist.

Angel investors include Nick White of Celestia, David Tse of Babylon, Sergey Gorbunov of Axelar, Waikit Lau of Lau Ventures and Apostolos Apostolaki of VentureFriends. The new funds will be used to build a "consensus-free" Layer 1 network, with the goal of achieving transaction speeds as fast as Google searches.