NodeKit raises $1.2 million in pre-seed funding to build rollup network based on Avalanche

NodeKit, a team developing the SEQ network based on Avalanche, has raised $1.2 million in seed funding led by Borderless Capital, with participation from Avalanche Blizzard Fund, Polygon Ventures, and Wormhole Cross-Chain Ecosystem Fund. NodeKit is building SEQ, which is a shared sorter layer 1 network that will help rollup chains launch and decentralize their transaction ordering. SEQ will operate as a separate blockchain or subnet within the Avalanche ecosystem.