In a significant boost to the blockchain industry, LightLink, a pioneering Layer 2 startup, has successfully raised $4.5 million in a seed funding round. This investment round was led by T&B Media Global, a leading Thai media company, and MQDC, a prominent real estate developer. The funding underscores the growing interest in blockchain technology’s potential to revolutionize various sectors.
LightLink’s innovative technology is set to play a crucial role in supporting Translucia, an ambitious multiverse project that aims to merge virtual and physical realities. Translucia, which enjoys the backing of $300 million from T&B Media Global and MQDC, is envisioned as an interconnected digital world that promotes joy and user engagement. Dr. Jwanwat Ahriyavraromp, the founder and CEO of T&B Media Global and the brain behind Translucia, expressed his enthusiasm for the partnership, highlighting the shared vision of creating a digital ecosystem that brings happiness to the global community.
The seed funding round also saw participation from several other investors, including JellyC, Aweh Ventures, Blue7, and B3V. This financial milestone follows closely on the heels of LightLink’s partnership with Animoca Brands, further cementing its position in the blockchain space.
Developed by Pellar Technologies, known for its extensive blockchain development experience in the APAC region, LightLink stands out as a top-tier Ethereum Layer 2 solution. The startup is celebrated for its role in facilitating instant, gasless transactions for dApps and enterprises, aiming to make blockchain interactions as intuitive as traditional web usage. With over 215,000 unique wallet addresses to its credit, LightLink ranks among the top 10 for transaction volumes among rollups.
Roy Hui, co-founder and CEO of LightLink, shared his vision for the future, emphasizing the importance of the funding in enhancing the startup’s mission to simplify blockchain technology for users and businesses alike. The focus remains on eliminating transaction fees and improving accessibility, making blockchain a seamless part of everyday digital experiences.