Particle Network, a pioneering blockchain company, has successfully raised $15 million in a token round to fuel the development of its innovative modular Layer-1 blockchain. This cutting-edge solution enables chain abstraction, allowing users to manage their digital identity and assets across multiple chains with a single account, simplifying interactions and providing a unified experience.

The company's modular L1 blockchain powers chain abstraction, coordinating accounts across chains while abstracting gas and unifying liquidity. This empowers existing L1s and L2s with seamless coordination and asset settlement, setting a new standard for blockchain connectivity. Built using the cutting-edge Cosmos SDK, this L1 introduces several innovative features, including a dual staking model and Universal Accounts, which enable users to access various chains with a single address.

Particle Network's Modular L1 combines the benefits of modular architecture, sovereignty, and scalability with the unified liquidity and user experience of single-chain systems. Additionally, it introduces a novel system aggregating Data Availability providers, ensuring high decentralization, scalability, and performance. With a robust foundation of over 17 million users, 4 million daily active users, and $2 billion in total value locked, Particle Network is well-positioned to make a significant impact in the blockchain ecosystem.

The company's strong track record, extensive partnerships, and active user engagement demonstrate its commitment to leading the evolution toward a more integrated and user-friendly blockchain ecosystem. As Particle Network embarks on this exciting new chapter, it outlines a soft roadmap that includes the launch of its Testnet and V1 Mainnet in Q1 2024, followed by the introduction of Dual Staking and Abstracted DA Testnet in Q2 2024.

This series of innovations paves the way for a future where blockchain technology is more accessible, efficient, and unified than ever before. By raising $15 million, Particle Network is poised to drive the adoption of its modular Layer-1 solution and shape the future of blockchain interoperability, enabling a seamless and connected blockchain ecosystem for all users.