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Blockchain News

N1 Gains Strong Investor Backing Before Mainnet Debut

N1 is a high-performance blockchain designed for decentralized apps (dapps), removing limits on speed and computing power.

Written By Jalpa Bhavsar
Fact Checked by Jahnu Jagtap
Published February 19, 2025 10:56 PM·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle
N1 Gains Strong Investor Backing Before Mainnet Debut

N1, a new Layer 1 blockchain backed by Founders Fund, is preparing for its mainnet launch with strong support from its original investors, including Multicoin Capital and Arthur Hayes.

The founders applied their experience to create N1 as a completely new Layer 1 blockchain after shutting down 01. Their vision has earned strong support from original investors who believe in its potential.

N1 Secures Support from Multicoin, Arthur Hayes & More
N1 Secures Support from Multicoin, Arthur Hayes & More, Source: X

N1 is a high-performance blockchain designed for decentralized apps (dapps), removing limits on speed and computing power. It supports popular programming languages like TypeScript, with Python and more coming soon, making it easier for developers to build and scale.

It takes a fresh approach to blockchain development, going beyond traditional smart contract platforms. By supporting multiple programming languages, N1 makes building dapps as simple as regular software development, allowing developers to use familiar tools.

With separate settlement and execution layers, N1 ensures high efficiency and security without relying on traditional consensus mechanisms. Each app runs in its own dedicated space, enabling it to use its preferred language and scale effectively.

N1 has also launched NTS, the first TypeScript-based smart contract platform, which is now available to a restricted number of early developers. These testers are already building apps that were previously unachievable on-chain, broadening the scope of decentralized technology.

Further, N1 launched N1 Studios to assist build the next generation of on-chain applications. The creators understand that excellent apps are critical to blockchain success, so rather than waiting for the ecosystem to evolve, they are actively influencing it.

N1 Studios will fund, mentor, and launch powerful apps that highlight N1’s capabilities. Removing limits on computing, speed, and coding languages, gives developers the freedom to create without restrictions, making groundbreaking apps possible.

Also Read: Thiel-Backed Startup Launches Layer-1 Blockchain N1

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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