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Venture firm a16z crypto has led a $7 million funding round for Seismic, a blockchain developer focusing on app-level encryption. The round included notable participants like Polychain, 1kx, dao5, and NGC. Seismic aims to enhance onchain privacy for financial and social applications by providing a foundational layer for app-level encryption.
What’s the Scoop?
- Funding Round Initiated: a16z crypto led a $7 million funding round for Seismic, focusing on encrypted blockchain technology.
- Strategic Partners: Participants included Polychain, 1kx, dao5, and NGC, supporting Seismic's vision for enhanced onchain privacy.
- Innovative Approach: Seismic's blockchain focuses on app-level encryption to provide new use cases for financial and social applications.
I’m excited to announce that we’re leading a $7M round in @SeismicSys. Seismic has created a blockchain architecture with a new approach that is based on secure hardware for maintaining private state.
— Ali Yahya | alive.eth (@alive_eth) March 6, 2025
In a typical business, trusted intermediaries are able to aggregate and… pic.twitter.com/KshHTh91NR
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