On-chain data availability project Hyve has completed a $1.85 million seed round financing, led by Lemniscap

ChainCatcher news, according to CoinDesk, the on-chain data availability (DA) project Hyve has announced the completion of a $1.85 million seed round financing, led by Lemniscap, with participation from Paper Ventures, Frachtis, and others.

It is reported that Hyve's solution HyveDA is a completely permissionless data availability layer, currently supporting a throughput of 1 GB per second.