N1 is a Layer 1 blockchain designed for application scalability and high-performance financial use cases. The project was originally developed under the name Layer N, a scaling network focused on financial applications. According to the website, the network is built with a focus on horizontal scalability, app-specific execution environments, and execution-environment flexibility, allowing developers to deploy applications using multiple programming languages. N1.xyz states that N1 is designed to support high-throughput applications with features such as sharded data availability, native bridging, and low-latency execution. In September 2023, Fortune reported that Layer N raised a $5M seed round co-led by Founders Fund (a venture firm founded by PayPal co-founder Peter Thiel) and dao5, with participation from Kraken Ventures, Mirana.xyz, GSR, and Amber Group. In April 2024, the project launched a liquidity program backed by a $20M commitment from Amber Group to support early-stage finan...