Binance Labs, the investment and incubation branch of Binance, has put money into AltLayer, a top-tier decentralized Rollups-as-a-Service (RaaS) provider for Web3 apps.
According to Nicola W., a top-shot at Binance Labs, AltLayer is doing something special with rollups. While many rollups today have issues with being too centralized and dividing their users, AltLayer’s way of doing things is different and smart. They use a main network called the Beacon Layer, which helps launch other rollups. This makes things quicker and supports trying out new ideas faster.
What’s AltLayer, you ask? It’s a set-up for coders to quickly make rollups that can handle a lot of traffic. This system, the Beacon Layer, is like a control tower for all rollups connected to it. What’s even cooler is that anyone, even folks new to this, can use AltLayer’s tools to make their own rollup in just 2 minutes! That’s faster than making a cup of coffee!
AltLayer is made for different blockchain systems and is super flexible. It supports popular setups like EVM/WASM. This means it can easily work with many chains out there.
Dr. Yaoqi Jia, the head of AltLayer, believes that rollups are the future. In the last year, many app developers have become super interested in them. AltLayer has shown how rollups can change the game for online games, NFT events, and even social apps. With Binance Labs investing in them, Dr. Jia is hopeful about making rollups even better.
AltLayer has teamed up with big names in the industry like Espresso, Celestia, and Arbitrum to add more features.
A Little More About AltLayer
AltLayer is at the forefront of the RaaS world. They have a bunch of tools that help apps work smoothly and quickly. They’ve even got a dashboard that’s so easy, anyone can use it to make a rollup in just a couple of minutes.
They offer two kinds of rollups. One kind is short and used for quick events. The other lasts longer for bigger projects. Using AltLayer can save teams a lot of money and time. It’s perfect for those who want to try out new Web3 ideas. Visit the official website: https://www.altlayer.io
What is Binance Labs?
Binance Labs is like the money and support wing of Binance. They’re worth a whopping $9 billion and have backed over 200 projects worldwide. They’ve made a huge profit on their investments. 50 of their backed companies came from their own training programs.
