Fluent Labs Secures $8 Million in Funding to Unify Blockchain Execution Environments
[Dover, Delaware] – Feb 19, 2024 – Fluent Labs, the company behind the first blended execution network, has successfully secured $8 million in funding led by Polychain Capital, with participation from Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital, and Public Works. The round also included notable angel investors such as Balaji, Mustafa Al-Bassam, Jason Yanowitz, Santiago Santos, Dingaling, Cristian Manea, and Will Price.
Breaking Down VM Silos
Today’s on-chain execution environments are constrained by the virtual machines (VMs), programming languages, and tooling they support. Developers are forced to work within siloed ecosystems, which limits what they can build. Fluent addresses these limitations by “blending” together popular VMs and allowing developers to use different programming languages and tools in one unified execution environment. The network currently supports Ethereum’s EVM, Solana’s SVM, and WebAssembly (Wasm) applications, with more to come. Fluent enables developers to easily port popular Solidity applications such as Aave but also run more complex cryptography, agent orchestration systems, and even website frontends on-chain. By breaking down VM silos, Fluent is creating unprecedented flexibility for blockchain developers.
Enhancing the User Experience
For users, Fluent enhances the user experience with two major improvements. First, users can access applications from different VM ecosystems in one place without switching wallets. Second, Fluent plans to parallelize the blended environment, enabling high-performance and low-cost app usage across all supported VMs.
A Playground for Developers
“Fluent is creating an expressive playground for developers by blending the best features of EVM, SVM, and Wasm into one chain,” explains Dino, Co-Founder of Fluent Labs. “The best web2 apps use the different programming languages and programming tools for different tasks, and Fluent brings this paradigm to web3.”
Early Adoption and Ecosystem
Early developers are already building a wide range of applications on Fluent. Thales is pioneering the first fully on-chain quant. Floodlight is creating a Web3-native Product Hunt for crypto projects. Major Solidity-based DeFi projects are incorporating Rust components to improve performance and efficiency. There are currently over 60 projects in the Fluent ecosystem across DeFi, infrastructure, consumer, and gaming.
About Fluent
Fluent is the first blended execution network – an Ethereum L2 that blends Wasm, EVM, and SVM apps into a unified execution environment. Blended Execution allows programs written for different VMs to work together within a unified execution environment. This results in real-time, atomic composability between these otherwise isolated paradigms, making it possible for developers to create cohesive applications, leveraging multiple programming languages and tools without compatibility concerns.
Conclusion
The $8 million funding round led by Polychain Capital marks a significant milestone for Fluent Labs and signals strong investor confidence in their innovative blended execution approach. By unifying EVM, SVM, and Wasm environments, Fluent is addressing a fundamental challenge in blockchain development: the fragmentation of execution environments that has historically limited developers’ options and users’ experiences.
FAQs
Q: What is Fluent?
A: Fluent is the first blended execution network – an Ethereum L2 that blends Wasm, EVM, and SVM apps into a unified execution environment.
Q: What are the benefits of Fluent?
A: Fluent enables developers to use different programming languages and tools in one unified execution environment, breaking down VM silos and creating unprecedented flexibility for blockchain developers.
Q: What are some early adopters of Fluent?
A: Early developers are building a wide range of applications on Fluent, including Thales, Floodlight, and major Solidity-based DeFi projects.
Q: What is the future of Fluent?
A: Fluent plans to parallelize the blended environment, enabling high-performance and low-cost app usage across all supported VMs, and is positioning itself as a key infrastructure layer for the next generation of blockchain applications.
