Nitro Labs' SVM-as-a-Service platform, Termina, has raised $4 million in a seed round led by Lemniscap. (Note: SVM stands for Solana Virtual Machine, the operating environment for smart contracts on the Solana blockchain.) According to the team, “Recognizing the lack of SVM infrastructure products across the market, Nitro Labs has a clear mandate to extend SVM while enabling developers to create customizable Solana-based networks optimized for performance and privacy, and currently has over 20 ecosystem partners working with Solana native projects. We've built both cross-chain projects in parallel with Termina to help developers deploy and manage their objectives – quickly and efficiently.”
