Termina, Nitro Labs' SVM-as-a-Service platform, has successfully raised $4 million in a seed funding round led by Lemniscap. The initiative aims to address the shortage of SVM infrastructure on the market, facilitating the development of customizable Solana-based networks designed for enhanced performance and privacy. Over 20 ecosystem partners are collaborating with Termina, including projects native to Solana and those operating across multiple chains, enabling developers to rapidly deploy and manage specialized SVM networks. This funding comes at a time when interest in blockchain technology continues to grow, particularly for applications that streamline smart contract operations on the Solana blockchain.
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