According to COINOTAG, CoinDesk has announced on September 16 that T1 Protocol, a Layer 2 blockchain initiative aimed at mitigating the issues associated with Ethereum rollup fragmentation and composability, has successfully closed its Pre-Seed financing round. This round saw participation from notable investors including A16z Crypto, BreedVC, Benedikt Bünz, Sam Kazemian, Amir Bandeali, Eric Chan, Kartik Talwar, Kubi Mensah, and Meltem Demirors. The exact amount of capital raised during this round has yet to be publicly disclosed.
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