Thrilled to share that we've raised $7M led by @a16zcrypto to build Seismic, the encrypted blockchain. TLDR

Ethereum launched with two key problems:
• Limited scalability
• Forced transparency

We've solved the first, but not the second. Today's major L1s are still transparent. Without encryption, their transactions remain exposed and scrutinized.

It's a fundamental bottleneck that prevents crypto from producing:
• Financial partnerships between local businesses and customers
• Investment vehicles designed for long-term positions
• Social experiences embedded in everyday payments
• and more

Why hasn’t transparency been solved?

For a decade, our industry has focused on encrypting wallet-level information— e.g. user balances and identities. While important for personal privacy, this doesn't enable new products. Without new products, encryption won't gain widespread adoption.

The solution?

Instead of encrypting wallet-level information, we need to encrypt app-level information— e.g. exchange parameters and vault transfers. This directly impacts app functionality, leading to new products.

But app-level encryption requires encryption at the base layer, something only possible when built into the foundation of the chain. It can’t be obtained by just bolting encryption onto an existing transparent chain.

That’s why we created Seismic, the encrypted blockchain.

Seismic removes the transparency bottleneck, allowing developers to build the new financial partnerships, investment vehicles, and social experiences mentioned above.

Seismic already powers early prototypes:
• Level: lets you trade assets based on belief instead of price.
• Folio: places you in one of the longest pay-it-forward chains in history.