Financing $11 million, created by a former Amber Group executive, Altius creates a plug-and-play 'central kitchen-style' executive layer? |Super early project attention

Altius: raising US$11 million to create a "plug and play" modular execution layer

Led by Founders Fund and Pantera Capital, Altius recently completed a $11 million Pre-Seed Series Financing. The crypto startup, founded by former Amber Group executives, aims to reshape the blockchain execution layer through modular design. It is worth noting that Altius only posted two tweets before the financing news was announced, adding a touch of mystery to it.

Celebrity team and heavyweight investors

The Altius team has a deep background in the crypto industry. Lianchuang and CEO Annabelle Huang was formerly managing partner of Amber Group and Airswap growth director; Lianchuang and CTO Anit Chakraborty has 15 years of experience in quantitative trading at Hudson River Trading; growth director Ivan Paskar was formerly senior marketing director of Binance. In addition to Founders Fund and Pantera Capital, this round of financing has attracted well-known investment institutions such as Archetype, DCG, No Limit Holdings, and Amber Group, as well as angel investors from Berachain, Movement, Ethena Labs, Ritual, Solana Foundation and Hudson River Trading. Amber Group and Hudson River Trading are both a source of team background and investors, bringing natural industry influence to Altius.

Altius Stack: High-performance, modular execution layer solution

Altius is committed to solving the performance bottlenecks facing current blockchain networks, such as network congestion, high Gas fees and low transaction speeds. Unlike traditional single public chains, Altius has developed Altius Stack, a high-performance, modular execution layer stack that supports various virtual machine environments such as EVM, MoveVM, CosmWasm, SolanaVM, etc.

Altius Stack adopts a modular design that separates the execution layer from a single blockchain to achieve "plug and play". This is similar to the modular public chain Celestia focuses on the data layer, while Altius focuses on improving the efficiency of smart contract execution. Its parallel processing and cross-chain connection capabilities significantly improve blockchain performance and reduce the development difficulty of developers, allowing them to focus on protocol functions and application development.

Future planning and industry competition

Altius plans to implement the integration of Altius Stack with EVM-compatible Layer 1 and Layer 2 networks in the first quarter of 2025; expand to more virtual machines in the second quarter; and officially launch the shared execution layer in the fourth quarter. It is worth noting that the modular execution layer is not original to Altius, and the Fuel project also adopts a similar architecture. Altius' success will depend on its technological advantages and market competitiveness.

(This article only introduces early projects and does not constitute investment advice.)

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