MIT-Incubated Optimum Raises $11M to Build Web3's Missing Memory Layer Using RLNC
Powered by @unfolded- Optimum, a decentralized memory layer for blockchains, raised $11 million in a seed round led by 1kx, with participation from various notable investors.
- The project aims to enhance data storage, access, and propagation on blockchains, addressing inefficiencies caused by outdated systems and congestion.
- Central to Optimum's technology is Random Linear Network Coding (RLNC), developed by MIT professor Muriel Médard, which improves data propagation and reduces redundancy.
- Optimum is currently operational on a private testnet and is inviting blockchain participants to test its decentralized memory layer.