# @xyz on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DYCye9wKZ_E
- **Gondola URL:** https://gondola.cc/posts/65245262-xyz-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/4f2289902f.jpg
- **Posted:** 2026-05-07T16:08:06.000+00:00
- **Account Owner:** XYZ Domains (@xyz) — https://gondola.cc/xyz

## Caption

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 financial applications. In December 2024, it was reported that Layer N rebranded to N1 and shifted from a scaling network to a standalone Layer 1 blockchain focused on performance and application design.

Visit the #BlockchainThursday link in our bio to learn more.

#Crypto #Startups #BCT

## Stats

- **Views:** 32
- **Likes:** 32
- **Shares:** 0
- **Comments:** 1

## Tags

blockchainthursday, bct, startups, crypto

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