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N1 Latest Updates
Official sources confirm the launch of N1’s first testnet, igniting a surge in buzz around the project.
N1 Project Overview
N1 is a modular, high-performance Rollup network designed to deliver scalability solutions for financial applications on Ethereum. By leveraging a tailored Rollup architecture and a shared communication layer, N1 achieves high-throughput, low-latency transaction processing while preserving Ethereum’s security and decentralization.
N1 Core Team
Dima Romanov: Co-founder & CEO. Drives strategic vision and execution, translating technical innovation into market-ready solutions with sharp business acumen.
Sheheryar Parvaz: Co-founder & CTO. A McGill University graduate, he ensures technical roadmaps align with long-term feasibility, steering product breakthroughs.
Faraz Shaikh: VP of Engineering. A Carnegie Mellon alumnus with a master’s in computer science, he previously led Dfinity’s engineering team. Known for streamlining development processes and fostering innovation.
David Cao: Co-founder. A Harvard graduate, he orchestrates strategic partnerships, resource allocation, and high-stakes decisions to balance commercial goals with technological growth.
N1 Funding Journey
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November 2022: Raised an undisclosed amount from Solana Ventures, FTX Ventures, Solana Foundation, Anatoly Yakovenko, and Raj Gokal.
September 2023: Secured a $5 million seed round co-led by dao5 and
November 2023: Completed a strategic funding round from BlackPine (amount undisclosed).
N1 Core Features
Hyper-efficient Rollup: Leverages optimized ZK or Optimistic technology to process thousands of transactions per second, with modular design enabling flexible data availability and execution layer configurations.
Shared Liquidity Communication Layer: Enables seamless asset and liquidity movement across Rollups via a protocol akin to Cosmos IBC but optimized for DeFi, reducing fragmentation.
Ethereum-grade Security: Relies on Ethereum’s settlement layer, ensuring decentralization and censorship resistance through fraud proofs or ZK proofs while maintaining high throughput.
DeFi-centric Optimizations: Low-latency architecture supports high-frequency trading, integrated with MEV protection mechanisms to minimize front-running and enhance leverage/derivatives trading experiences.
Developer-friendly Ecosystem: EVM-compatible, supports Solidity migration, and offers SDKs/APIs for rapid deployment of customized financial Rollup application chains.
N1 Vision for the Future
N1 aims to become the backbone of next-gen DeFi infrastructure, expanding Ethereum’s ecosystem into high-throughput, low-cost financial use cases via modular Rollup architecture and shared liquidity protocols. Potential integrations with leading DeFi protocols could forge a unified cross-Rollup liquidity network, while exploring innovations in ZK proofs and MEV resistance to deliver high-performance solutions for institutional-grade on-chain finance.
