Unto Labs, co-founded by Will Yoo and Liam Heeger, aims to challenge Solana's position in the blockchain space through their new project, Thru. Despite being categorized as yet another layer 1 blockchain, Yoo and Heeger believe they can leverage their previous experiences in building high-performance systems to differentiate themselves. They plan to utilize a modified Solana virtual machine, asserting that they will not directly compete with Jump's Solana client, which is embroiled in legal disputes. With a combined $14.4 million pre-seed and seed funding, led by Electric Capital and Framework Ventures, they aim to build a robust infrastructure that prioritizes scalability through competition, offering low fees rather than reliance on large stakes. Yoo and Heeger express confidence in their project despite the extensive competition, hoping to create something impactful in the Web3 ecosystem, while aspiring to appeal to both Web3 and Web2 audiences.

Source 🔗