Optimum, an MIT and Meta-incubated startup, has secured a significant funding boost of $11 million to develop a groundbreaking Web3 memory layer. The project aims to address the inefficiencies plaguing blockchain networks by providing a scalable solution. This innovative approach will enhance performance and facilitate faster transactions in decentralized applications (dApps). 1kx and Galaxy Ventures are among the prominent investors backing this venture. Optimum’s memory layer is poised to significantly impact DeFi and dApp ecosystems, with initial benefits expected to be realized in terms of reduced costs and improved network throughput. The project is currently focusing on testing its solution through a pilot program and expanding its team to ensure further development and deployment of the technology.