Nubit, a modular blockchain project, has successfully raised $8 million in a seed funding round, bringing its total funding to $12 million. The round was led by Polychain Capital, with participation from other institutional investors including Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, and Mask Network.

Nubit is dedicated to enhancing the scalability of blockchain, offering a secure and scalable data availability solution for the Bitcoin ecosystem. The company's data availability layer has been deeply integrated with projects such as Babylon, BounceBit, Unisat, and Merlin Chain. Nubit is also committed to developing a programmable, modular, trustless execution layer for meta-protocols like BRC-20 and Runes.

In recent times, Nubit has expanded its support for all major Layer 2 frameworks, including Polygon CDK, OP Stack, Arbitrum Orbit, and Scroll. This move highlights the company's commitment to providing a scalable and secure solution for the blockchain ecosystem.

In April 2024, Nubit launched its Pre-Alpha testnet, attracting over 150,000 users, deploying 5,294 modular services, and processing over 560,000 transactions. The team plans to launch the Alpha testnet in June, with the mainnet expected to go live later this year. This milestone marks a significant step forward for Nubit, as it continues to work towards its goal of enhancing blockchain scalability.

The success of Nubit's seed funding round is a testament to the growing interest in modular blockchain solutions. As the blockchain ecosystem continues to evolve, companies like Nubit are playing a crucial role in providing scalable and secure solutions for the industry. With its commitment to innovation and scalability, Nubit is poised to make a significant impact in the blockchain space.