Odaily News Layer 1 network developer Pod has completed a $10 million seed round of financing, which was co-led by A16z Crypto Startup Accelerator (a16z CSX) and 1kx, with participation from Flashbots, Blockchain Builders Fund and Protagonist. Angel investors include Nick White of Celestia, David Tse of Babylon, Sergey Gorbunov of Axelar, Waikit Lau of Lau Ventures and Apostolos Apostolaki of VentureFriends.
It is reported that 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 searches.