"Eclipse Labs Raises $50M for Ethereum Layer-2 Solutions"

Eclipse Labs, a company building a blockchain to scale Ethereum using parts from Solana, has raised $50 million ahead of its mainnet debut, which is expected to happen in the coming weeks. The project aims to decentralize its governance over time and plans to open its mainnet to developers first, with a focus on scalability and interoperability with Solana. The funding will be used to fill key positions and prepare for the launch, which is anticipated to attract interest from major Solana protocols and potentially bring more people into the Solana Virtual Machine ecosystem.