Parallel Transaction Infrastructure Builder Smooth Completes $2 Million Seed Round Led by NGC Ventures

ChainCatcher news, parallel transaction middleware Smooth completed a $2 million seed round of financing, led by NGC Ventures, with participation from ArkStream Capital, Cogitent Ventures, Token Metrics, and Alves Ventures. Smooth is the first parallel transaction middleware, realizes EVM compatibility, provides a high-performance transaction framework for the existing Layer 2 and App Chain, and provides a general transaction mode for subsequent blockchain development. Smooth said that the financing will be used for technology research and development and expansion of the core team. Project development has been fully launched to prepare for the next round of blockchain requirements for parallel transactions. At present, the project is still in the early stage of research and development, and there is no token plan for the time being. The project is expected to go online in the third quarter. (source link)