Let's dive into Lava Network and explore why it has caught the attention of major investors!

1. What is Lava Network?

Lava is the first modular data access layer for blockchains. It introduces specs: a modular primitive that lets contributors permissionlessly add support for new chains and data services to the base protocol. RPC is the first service supported by the protocol but we are soon bringing further choice by integrating with indexing and API partners, such as Subsquid.

How Does It Work? 

• Developers and data consumers: With Lava, data consumers get easy, fast and reliable access to 30+ chains. The protocol incentivizes providers to offer performant service and algorithmically pairs consumers with the best node available.

• Data providers (RPC node runners, indexers, etc): Providers join Lava to reach more developers and to monetize their existing infrastructure. We also have 250+ providers on the Lava testnet, including large providers such as Blockdaemon. Lava also runs programs called Incentivized Public RPC. On these programs, chains such as Evmos, Axelar, NEAR and more pay node operators to serve quality RPC.

Why Lava? 

Lava provides Multi-Chain RPC that just works:

1. Quality of Service - Consumers monitor and rate providers based on response time, availability and freshness. When asking for rewards, providers are required to attach their QoS score and are rewarded accordingly.
2. Data Reliability - Providers are subject to fraud and fault detection checks, whereby the network uses statistical inference and verifiably random selections to compare the responses of multiple providers. If a conflict is detected, the network uses an honest majority of providers to attain who was wrong, penalizing the offender.
3. Privacy & Anonymity - Relays are randomly distributed between a changing list of top providers, so consumers are less likely to get service from the same provider for a significant period of time. Consumer-provider communications happen directly and identities are not linked to Lava Wallets.
4. Scalability - Every aspect of Lava is being built with scalability in mind. A single-step reward system, aggregation, direct provider-dApp communication and staking incentives are designed to increase efficiency by sparing unnecessary stress from the network.
5. Decentralized Access - We encourage users to access our network in a fully decentralized way. All relays on our network are conducted peer-to-peer (P2P).
6. Open Source - Lava is commmitted to open source and modularity. Developers can investigate the code for the chain and any specs implemented.

2. Lava Network Token Information

The project is currently under development and has not yet released token information. We will update as soon as there is information.

Token Metric

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3. Investors and Partners

In the announcement on February 15th, Lava Network confirmed that Jump Capital, Hashkey Capital, and Tribe Capital co-led the funding round.

It can be seen that the investment funds leading the funding round are all Top Tier investors, reputable and guaranteed to be screened in the Crypto market.

In addition, there are many other organizations such as North Island Ventures, Dispersion Capital, Alliance DAO, Node Capital and Finality Capital Partners. Some key figures from Celestia, Cosmos, StarkWare, Filecoin and other ecosystems also participated in this round.

Onebit Ventures partners strategically and invests in the potential project Lava Network!

Good news for the Onebit Ventures community! We are pleased to announce that Onebit Ventures has invested in and strategically partnered with Lava Network, a promising blockchain scaling solution.

The Lava Network project will soon be launched on ONBPad - the Launchpad platform of Onebit Ventures. This is a great opportunity for investors to participate in the Private Round with Top Tier 1 position, alongside top investors in the market.

**Don't miss out on this potential investment opportunity! Own $ONB