TEN Secures $9 Million Funding Led by R3: Revolutionizing Ethereum Layer 2 Encryption
Obscuro Labs' TEN Secures $9 Million Funding Led by R3: Revolutionizing Ethereum Layer 2 Encryption
Obscuro Labs' TEN, an encrypted Ethereum Layer 2 network, secures a significant funding round of $9 million USD, spearheaded by digital leader R3. This funding aims to bolster TEN's mission to address critical encryption and scaling challenges in blockchain applications. With a team boasting expertise from R3 and other notable investors on board, TEN is set to revolutionize the Web3 landscape by offering unparalleled speed, security, and privacy.
A Groundbreaking announcement
Obscuro Labs announces a groundbreaking achievement with TEN, its encrypted Ethereum Layer 2 network, securing a substantial $9 million funding round. Led by digital powerhouse R3, this investment will play a massive role in TEN's journey to revolutionize blockchain applications.
TEN's Unique Value Proposition:
TEN strikes a balance between Optimistic-based L2s and ZK-Rollups, offering unmatched speed, security, versatility, and privacy. Unlike existing Layer 2 solutions, TEN prioritizes full encryption while delivering efficiency akin to Optimistic-based L2s. This unique approach positions TEN as a game-changer in the Web3 landscape, addressing encryption, scalability, gas efficiency, and MEV prevention.
Key Features of TEN
TEN boasts a plethora of groundbreaking features, including programmable encryption, immediate bridges, and secure random number generation. These features enhance user experience and security, setting TEN apart as a versatile and efficient Layer 2 solution on Ethereum.
Seamless Integration and User Experience
Building on TEN is seamless, requiring developers to use familiar tools like Solidity and Ethereum-based frameworks. Moreover, integrating TEN's secure functionality into dApps is effortless for users, providing a seamless experience without compromising security or efficiency.
Future Prospects and Mainnet Launch
With over 120 partners and ongoing testing on Coinlist's testnet, TEN is primed for a successful mainnet launch in October. As it continues to evolve, TEN is poised to lead the way in shaping the future of decentralized technologies, offering a secure, efficient, and decentralized solution for Web3 applications.
Unparalleled speed, security and privacy
Obscuro Labs' TEN, backed by a significant funding round led by R3, is set to redefine Ethereum Layer 2 encryption. TEN aims to address critical challenges in blockchain applications, offering unparalleled speed, security, and privacy.
As it gears up for its mainnet launch, TEN holds immense potential to shape the future of decentralized technologies.
