In the realm of blockchain and cryptocurrency, the inception of new projects often hinges on substantial financial backing. Recently, an emerging blockchain entity has garnered attention due to a significant influx of capital during its latest fundraising venture.
Eclipse’s Capital Surge Prior to Mainnet Debut
Eclipse, poised to launch its main blockchain network, has successfully amassed $50 million in a Series A investment round. This round, spearheaded by Placeholder and Hack VC, has brought Eclipse’s cumulative funding to an impressive $65 million. The investment round also attracted participation from other notable entities, including Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital.
The term “modular blockchain” is employed to denote a blockchain architecture that segregates various functionalities into distinct layers. These layers are responsible for execution, consensus formation, agreement, and ensuring data is readily available.
Eclipse’s Mission to Refine Layer-2 Scaling
Neel Somani, the visionary behind Eclipse, expressed concerns over the deficiency of effective Layer-2 scaling options for Ethereum. He highlighted that numerous projects striving to enhance Ethereum’s user experience are still in nascent stages. Eclipse’s ambition is to spearhead the realm of Layer-2 solutions by delivering unparalleled performance.
To fabricate Eclipse, the Solana Virtual Machine (SVM) was utilized for execution tasks, Celestia for preserving data accessibility, and Ethereum for solidifying consensus. Somani anticipates that future Ethereum improvements, such as EIP 4844, will reduce data transmission costs. Nevertheless, Celestia remains their choice for the time being, with plans to integrate some data onto Ethereum following the Danksharding update.
Anticipated Market Introduction and Future Plans
Eclipse has outlined plans to introduce its primary network in the second quarter of 2024. The project has already unveiled a developer-focused network and a test version, and is currently evaluating various decentralized application infrastructures, including NFT marketplaces, oracle systems, and lending protocols. Following the official launch, Eclipse intends to foster community engagement through hackathons, accelerator programs, and various events, signaling the project’s promise and the confidence it has instilled in its major backers.