Shared Sequencer Project Rome Raises $9 Million in Funding to Fuel Web3 Development

Shared Sequencer Project Rome Raises $9 Million in Funding to Fuel Web3 Development

Shared sequencer project Rome has secured $9 million in funding to accelerate the development of its decentralized, permissionless network for Web3 applications. The funding round was led by HashKey, Polygon Ventures, and Bankless Ventures. Additional investors included IOSG Ventures, SNZ, and HashKey. Rome's mission is to build a secure, scalable, and cost-effective platform for deploying and running Web3 applications. The project's shared sequencer architecture allows multiple participants to contribute to the ordering of transactions on the blockchain, increasing throughput and reducing latency. The funding will enable Rome to expand its team, enhance its technology, and launch a testnet later this year, followed by a mainnet launch in mid-2024. The project has already gained traction within the Web3 community, with several partners expressing interest in integrating Rome's technology into their applications. "This funding round is a testament to the growing demand for scalable and efficient blockchain solutions," said Rome co-founder and CEO Josh Stark. "We are excited to work with our investors to bring Rome to market and empower developers to build the next generation of Web3 applications."