L2 project LYNC completed a $1.5 million pre-seed round of financing.

ChainCatcher news, the consumer-grade Layer 2 LYNC using MOVE Stack has completed a $1.5 million pre-seed funding round, with supporters including Movement Labs, Levitate Labs, Smape Capital, Amesten Capital, Aptos, 8186 Capital, and LonghashX. Angel investors include Gabby Dizon from YGG, Rushi Manche and Cooper Scanlon from Movement Labs, Lai Ho Tin from J17 Capital, Bruno Faviero from Magna, Arjun Kalsy from Fuel, and Prashant Maurya from Spheron.

LYNC plans to use this funding to bring the 7 billion smartphone users worldwide into blockchain and provide a highly scalable mobile application development platform for independent entrepreneurs, developers, and founders.