NodeKit Raises $1.2 Million in Pre-Seed Funding for SEQ Network Development

According to Foresight News, NodeKit, the team developing the SEQ network based on Avalanche, has completed a $1.2 million pre-seed funding round. The round was led by Borderless Capital, with participation from Avalanche Blizzard Fund, Polygon Ventures, and Wormhole Cross-Chain Ecosystem Fund. NodeKit is building SEQ, a shared sequencer Layer1 network that will help Rollup chains launch and decentralize their transaction ordering. SEQ will operate as an independent blockchain or subnet within the Avalanche ecosystem.