Binance Labs invests in decentralized Rollups-as–a-Service (RaaS) provider AltLayer
“Application-tailored rollups offer the security of Layer 1s and the customizability of appchains. However, a common issue with rollups today is that they mostly operate with centralized sequencers and create fragmented liquidity and userbase. We found AltLayer’s approach to facilitating the launch of application-tailored rollups via Beacon Layer an inspired take. Their core network offers several decentralization and interoperability properties much needed in a world of thousands of rollups.”
Binance Labs has announced a strategic investment in AltLayer, a decentralized Rollups-as–a-Service (RaaS) provider for Web3 applications.
The venture capital and incubation arm of Binance has spotted value in AltLayer for its promise of overcoming common issue with rollups today, such as mostly operating with centralized sequencers and creating fragmented liquidity and userbase.
AltLayer has already collaborated with industry leaders like EigenLayer, Espresso, Celestia, Double Jump, Arbitrum, Linea, and Jump to build on rollup usability with the integration of key features.
AltLayer offers a no-code Rollups-as-a-Service launchpad
AltLayer is an open and decentralized protocol for developers to launch highly scalable application-tailored rollups powered by a core network called the Beacon Layer that serves as a common sequencing, execution, and verification network for all rollups enshrined to it.
Built on top of this protocol, AltLayer offers a no-code Rollups-as-a-Service launchpad that allows not only developers but beginners and all users to spin up a customized rollup within 2 minutes with only a few simple clicks.
The AltLayer protocol is designed for a multi-chain and a multi-VM world and comes with default support for EVM/WASM. AltLayer functions as a modular and pluggable scaling solution for all compatible chains.
Common issue with rollups is the fragmented liquidity and userbase
Nicola W., Investment Director at Binance Labs said: “Application-tailored rollups offer the security of Layer 1s and the customizability of appchains. However, a common issue with rollups today is that they mostly operate with centralized sequencers and create fragmented liquidity and userbase. We found AltLayer’s approach to facilitating the launch of application-tailored rollups via Beacon Layer an inspired take. Their core network offers several decentralization and interoperability properties much needed in a world of thousands of rollups. All this while dramatically cutting down time-to-market and encouraging rapid innovation and experimentation.”
Yaoqi Jia, CEO of AltLayer said: “The rollup ecosystem is promising, and needs more eyes on it to flourish and expand. Just over the past year rollups and their impact on dApps have piqued the interest of the global developer community. Our demos with on-chain games, NFT mint events, and SocialFi applications point to the massive value that can be unlocked from this “detachable” blockchain layer. We’re honored to have the strategic investment from Binance Labs, and look forward to strengthening the rollup world with their support.”
