Rome Protocol has raised $9 million in a funding round backed by Hack VC, Polygon Ventures, HashKey, and others. Notably, Solana co-founder Anatoly Yakovenko also invested in the startup.
Rome Protocol plans to use Solana to enhance Ethereum Layer 2 (L2) networks. This integration aims to boost transaction speed, privacy, scalability, and lower costs.
Co-founder Anil Kumar emphasized Solana’s superior performance compared to Bitcoin, Cosmos, and Ethereum. The project aims for “atomic transactions” between Ethereum and its L2 networks to streamline operations.
The roadmap includes a testnet launch by late 2024 and a mainnet by mid-2025. These milestones indicate a well-structured plan for development.
This strategic move positions Rome Protocol as a key player in the crypto space, potentially setting new standards for L2 solutions and impacting the broader market significantly.
