N1 Confirms Investors Including Multicoin Capital and Arthur Hayes Ahead of Mainnet Launch
New York, New York, February 19th, 2025, Chainwire
Founders Fund backed Layer 1 blockchain N1 has confirmed the commitment of its original investors as it prepares for its forthcoming mainnet launch. VCs and angel investors including Multicoin Capital and Arthur Hayes have reaffirmed their support for N1, having originally funded its predecessor, 01.
The original investors have been added to N1’s revised cap table and will support the launch of the Layer 1 blockchain designed to serve as a full-stack ecosystem for high-throughput dapps. N1 eliminates the trade-offs between onchain and offchain development, removing limits on compute and latency entirely. It supports mainstream programming languages like TypeScript, with Python and more coming soon, making it significantly easier for developers to build sophisticated applications that can scale without compromise.
After winding down 01, its founders pivoted to N1, drawing upon everything they had learned in the development of the project. They have built N1 as a fundamentally different Layer 1 and its founding team retains the full backing of their original investors.
Designed to be radically different to post-Ethereum smart contract chains, N1 was created to supercharge dapp development. The goal is to ultimately support all code onchain, allowing developers to deploy apps using the programming language they are familiar with. This makes blockchain development feel no different from traditional software development, removing the friction that has historically slowed adoption.
Distinct settlement and execution layers give N1 unparalleled efficiency coupled with a novel consensus-less design that achieves quorum without compromising security. Each app operating on the N1 execution layer is deployed within its own dedicated environment, enabling it to utilize its own language and scale vertically.
N1 has just launched NTS, the first Typescript smart contracts platform that is now open to a select group of early access developers. These testers are already building applications that previously would have been impossible onchain, pushing the boundaries of what can be done in a fully decentralized environment.
Beyond the core protocol, N1 has launched N1 Studios, a product studio dedicated to incubating and supporting the next generation of onchain applications. The N1 founders, having previously built an app themselves, understand that applications are the key to blockchain success. Instead of waiting for an ecosystem to emerge, they are taking an active role in leading the way.
N1 Studios will focus on funding, mentoring, and launching high-impact applications that demonstrate the full potential of an unrestricted execution environment. By eliminating traditional constraints around compute, latency, and programming language compatibility, N1 enables developers to build without compromise. With N1 Studios, the team is ensuring that groundbreaking applications are not just possible but inevitable.
About N1
N1 is a Layer 1 blockchain with unrestricted scale and ultra-low latency. Designed to support next-generation crypto apps, it features horizontal scalability, sub-ms latency, and ultra-high throughput. Every app operates in its own isolated environment, resulting in zero state congestion.
Learn more: https://www.n1.xyz/