Astria announced the successful completion of a $12.5 million strategic fundraise led by dba and Placeholder VC, with participation from RockawayX and returning investors. The funds will be used to continue building the Astria Sequencing Layer and the Astria Stack, to enable anyone to deploy a permissionless rollup without relying on a centralized sequencer.
The fundraise included returning investors Maven11, 1kx, Figment Capital and Batu. Angels included Yuki, DCBuilder, Hasu, Will Price, Robert Miller, Mert, Jason Yanowitz and Mike Ippolito. Bankless Ventures also participated.
The blockchain ecosystem has seen an explosion in Layer 2 rollups, which offer faster speeds and lower costs while reducing congestion on Layer 1 blockchains. Because Layer 2 rollups have largely relied on a single centralized sequencer, concerns arise over the possibility of censorship, points of failure, and lack of transparency.
Astria’s modular Sequencing Layer addresses these issues by providing a decentralized network of sequencers to participate in transaction ordering for multiple rollups. The Astria Stack is a development stack that includes all components necessary to deploy an EVM rollup using the Astria Sequencing Layer – a decentralized, shared sequencer that can batch transactions for many rollups while remaining performant and censorship resistant.
Celestia-based rollup Forma, the destination for fully onchain NFTs, has already launched on the Astria Stack. Since May, some 42,000 NFTs have been minted or purchased on Forma, with a total bridge volume of 3 million $TIA.
To stay up-to-date with Astria’s developments and to learn about building with Astria, visit: https://www.astria.org.
About Astria
Astria is building the Astria Stack, the development stack for building and deploying decentralized rollups on the Astria Sequencing Layer. The stack includes all the components necessary to launch an EVM rollup which uses the Astria Sequencing Layer for decentralized block building and Celestia for data availability. Because the Astria Sequencing Layer orders arbitrary data, developers can run custom rollups on it, i.e. any execution environment (SVM, Move, etc.) or a rollup written in any language. Astria’s mission is to allow every developer to easily build and permissionlessly deploy decentralized rollups on reliable technology.
Astria: https://www.astria.org
Astria X (Twitter): https://twitter.com/AstriaOrg
Astria GitHub: https://github.com/astriaorg
Astria Discord: https://discord.gg/3qZCbmZxvF