Nikolas Sargeant
NEW YORK CITY, December 05, 2024 – Layer N, the high-performance blockchain project backed by Peter Thiel's Founders Fund, today announced a transformative evolution into N1, a pioneering full-stack, app-centric Layer-1 blockchain platform designed to fundamentally reshape the landscape of decentralized application development and blockchain technology.
The emergence of N1 represents a watershed moment in blockchain infrastructure, addressing critical limitations that have historically constrained blockchain adoption and application development. The platform distinguishes itself through unprecedented technological capabilities, delivering transaction speeds exceeding 100,000 transactions per second—a performance improvement of 10-100x over existing blockchain platforms.
At the core of N1's revolutionary approach is its developer-centric design. The platform introduces the industry's first native Typescript app development support, complemented by comprehensive multi-language programming capabilities including Solidity, Rust, and C. This innovative approach dramatically reduces the learning curve for blockchain application development, offering developers a 'Vercel-like' deployment interface that enables application launches in just two clicks.
N1 is not merely a technological platform but an ecosystem actively incubating groundbreaking applications that push the boundaries of decentralized technology. Strategic partnerships highlight the platform's potential, with multiple innovative projects already in development. Sushi is developing Susa, a cutting-edge perpetuals decentralized exchange, alongside a novel Advanced AMM protocol called Kubo that can only exist on N1 due to its computational complexity. Amber Group, the Paradigm-backed market maker, is incubating a perpetual DEX with innovative asset listings and deep liquidity.
The platform will also host pioneering applications like Mindshare, a novel socialfi app enabling direct trading of cryptocurrency narratives, and a Westworld-inspired onchain AI world simulation. These projects share a common theme: they are computational complexity that cannot be replicated on existing blockchain infrastructures.
Originally conceived as an Ethereum Layer-2 solution, N1 has strategically transformed its architecture by replacing the Ethereum settlement layer with a proprietary full-stack L1 infrastructure. This critical evolution allows the platform to overcome traditional blockchain bottlenecks, delivering unparalleled scalability and performance.
"We are introducing more than a blockchain—we're unveiling a new computational paradigm," said Dima Romanov, CEO and co-founder of Layer N. "N1 represents our commitment to enabling developers to build applications that were previously impossible, breaking through traditional blockchain constraints."
The project has attracted significant investment from a consortium of prestigious investors, including Founders Fund, Multicoin Capital, dao5, Kraken, Amber Group, GSR, and SALT. The founding team brings extensive blockchain expertise, with experience spanning industry-leading projects like DFINITY, Morpho, and Solana. Their previous achievements include developing a high-performance onchain orderbook on Solana that processed over half a billion in trading volume.
N1 stands as a revolutionary Layer-1 blockchain platform designed to empower the next generation of decentralized applications. By combining unprecedented computational capabilities, multi-language support, and developer-centric tools, the platform is poised to unlock a new era of blockchain innovation.
