Layer 1 network developer Pod has completed a $10 million seed round of funding, with a16z CSX and 1kx co-leading the investment.

BlockBeats News, January 28th, according to The Block, Layer 1 network developer Pod has completed a $10 million seed round of financing. This round was led by A16z Crypto Startup Accelerator (a16z CSX) and 1kx, with participation from Flashbots, Blockchain Builders Fund, and Protagonist. Angel investors include Nick White from Celestia, David Tse from Babylon, Sergey Gorbunov from Axelar, Waikit Lau from Lau Ventures, and Apostolos Apostolaki from VentureFriends.

Reportedly, the new funds will be used to build a "consensus-free" Layer 1 network with the goal of achieving transaction speeds as fast as Google search.