peter-thiel
(3)
Founders Fund backs the difficult part
Rockets fail. Founders get fired. Money gets impatient. Founders Fund built its identity around taking a different view of all three.
The Thiel Foundation pays $250,000 to buy time before a degree
Peter Thiel’s foundation gives young builders two years, a grant, and a network. Its wager is that a few ideas deserve a head start on the usual career.
N1
N1 (formerly Layer N) is a high-performance Layer-1 blockchain built specifically for onchain finance at scale. Founded by DeFi veterans Dima Romanov, David Cao, and Sheheryar Parvaz, N1 pairs an ultra-low-latency, congestion-free execution layer with native financial primitives - an onchain orderbook, atomic transaction bundles, unified margining, and RFQ - so that trading applications that previously had to run offchain can run natively onchain. Every app runs in its own isolated environment with no state congestion, and developers can write smart contracts in TypeScript (with Python and other languages on the way). Backed by Founders Fund, Multicoin Capital, dao5, Kraken Ventures, and Arthur Hayes, the New York-based team is targeting the performance ceiling that has kept serious finance from moving onchain.