Termina, the SVM-as-a-Service platform by Nitro Labs, has raised a $4 million seed funding spherical, led by Lemniscap. [NOTE: SVM stands for Solana Digital Machine — the working surroundings for sensible contracts on the Solana blockchain.) Based on the workforce: “Recognizing the dearth of SVM infrastructure choices throughout the market, Nitro Labs set to work on constructing Termina, with a transparent mandate to scale the SVM whereas empowering builders to create customizable Solana-based networks optimized for efficiency and privateness. Presently over 20 ecosystem companions are constructing alongside Termina, together with each Solana-native and cross-chain initiatives, permitting builders to deploy and handle purpose-built SVM networks rapidly and effectively.”
