The parallel trading infrastructure builder Smooth has completed a $2 million seed round financing, led by NGC Ventures

ChainCatcher news, the parallel transaction middleware Smooth has completed a $2 million seed round financing, led by NGC Ventures, with participation from ArkStream Capital, Cogitent Ventures, Token Metrics, Alves Ventures, and others.

Smooth is the first parallel transaction middleware that achieves EVM compatibility, providing a high-performance transaction framework for existing Layer 2 and App Chains, and offering a universal transaction model for future blockchain development.

Smooth stated that the funds from this financing will be used for technological research and development and to expand the core team. Project development has fully launched, preparing for the next round of blockchain demand for parallel transactions. The project is still in the early research and development stage, with no token plans at the moment, and is expected to launch a testnet in the third quarter. (source link)