New York, New York, February 19th, 2025,
Chainwire
Founders Fund backed Layer 1 blockchain N1 has confirmed the
commitment of its original investors as it prepares for its
forthcoming mainnet launch. VCs and angel investors including
Multicoin Capital and Arthur Hayes have reaffirmed their support
for N1, having originally funded its predecessor, 01.
The original investors have been added to N1’s revised cap table
and will support the launch of the Layer 1 blockchain designed to
serve as a full-stack ecosystem for high-throughput dapps. N1
eliminates the trade-offs between onchain and offchain development,
removing limits on compute and latency entirely. It supports
mainstream programming languages like TypeScript, with Python and
more coming soon, making it significantly easier for developers to
build sophisticated applications that can scale without
compromise.
After winding down 01, its founders pivoted to N1, drawing upon
everything they had learned in the development of the project. They
have built N1 as a fundamentally different Layer 1 and its founding
team retains the full backing of their original investors.
Designed to be radically different to post-Ethereum smart
contract chains, N1 was created to supercharge dapp development.
The goal is to ultimately support all code onchain, allowing
developers to deploy apps using the programming language they are
familiar with. This makes blockchain development feel no different
from traditional software development, removing the friction that
has historically slowed adoption.
Distinct settlement and execution layers give N1 unparalleled
efficiency coupled with a novel consensus-less design that achieves
quorum without compromising security. Each app operating on the N1
execution layer is deployed within its own dedicated environment,
enabling it to utilize its own language and scale
vertically.
N1 has just launched NTS, the first Typescript smart contracts
platform that is now open to a select group of early access
developers. These testers are already building applications that
previously would have been impossible onchain, pushing the
boundaries of what can be done in a fully decentralized
environment.
Beyond the core protocol, N1 has launched N1 Studios, a product
studio dedicated to incubating and supporting the next generation
of onchain applications. The N1 founders, having previously built
an app themselves, understand that applications are the key to
blockchain success. Instead of waiting for an ecosystem to emerge,
they are taking an active role in leading the way.
N1 Studios will focus on funding, mentoring, and launching
high-impact applications that demonstrate the full potential of an
unrestricted execution environment. By eliminating traditional
constraints around compute, latency, and programming language
compatibility, N1 enables developers to build without compromise.
With N1 Studios, the team is ensuring that groundbreaking
applications are not just possible but inevitable.
About N1
N1 is a Layer 1 blockchain with unrestricted scale and ultra-low
latency. Designed to support next-generation crypto apps, it
features horizontal scalability, sub-ms latency, and ultra-high
throughput. Every app operates in its own isolated environment,
resulting in zero state congestion.
Learn more: https://www.n1.xyz/
Contact
Dan
Edelstein
PR@marketacross.com
