Odaily News: Linera founder Mathieu Baudet has announced that the project will cease operations immediately after its fundraising campaign failed to reach the minimum target. Linera's token sale on the Sonar platform received approximately $900,000 in subscription commitments, but fell short of the minimum amount required to complete the sale, and all subscription funds have been refunded to participants. The team had previously attempted to raise emergency funding to sustain operations until the mainnet launch, but was unable to secure the necessary capital. Earlier, Linera's LNRA community round received 848,300 USDC in subscription commitments, below the minimum target of 1.5 million USDC, and the related funds will be refunded.

Odaily reports that Linera has announced the conclusion of the LNRA community round subscription period, during which 617 participants from 69 countries subscribed a total of $848,000 USDC. The funds will be returned to participants' wallets via the original channels, and a follow-up announcement will be released after the refund period concludes.

Odaily News: Linera, founded by former Libra employees, launched the community round public sale of its native token LNRA on September 1 at 14:00 (UTC), and it has been ongoing for nearly 4 days. The maximum fundraising cap for this public sale is $8 million, with a minimum target of $3.2 million. The current amount raised is less than 2% of the maximum cap, and the public sale will conclude on September 8 at 14:00 (UTC).

Odaily reported that Linera is opening pre-registration for the LNRA community sale from now until September 1, with a commitment period running from September 1 to September 8. Users can subscribe at a fixed price using USDC on the Base chain through Echo's Sonar system. Linera will announce the pricing and offering size on August 28. According to Linera's disclosed LNRA tokenomics overview, the community reserve accounts for 60% of the total supply, the foundation holds 10%, investors hold 11.3%, early contributors hold 13.7%, and the community sale accounts for 5%. Investors and early contributors together hold 25% of the tokens, which will be unlocked in batches over a three-year period following distribution.

Odaily News: Linera announced on X that it will soon conduct an LNRA token sale. The company stated that its goal is to build products along Hyperliquid's development path, adopting a model that features a dedicated blockchain, a small team, consumer-focused products, real revenue, and a user-first approach. It will also launch a real-time prediction market capable of settling within 1 minute.Linera noted that it employs a parallelizable “microchains” architecture, where each user and market can run on an independent microchain, with most blocks achieving finality within 1 second. Currently, its prediction market operates in a pure PvP mode, without relying on market makers for external liquidity. Linera also announced that full details of the LNRA token sale will be released soon, and holders of product badges will be eligible for exclusive access to a dedicated subscription pool.

Odaily星球日报讯 Layer 1 区块链协议 Linera 宣布推出 Devnet 公共开发网拟扩展支持 Rust 开发人员，该网络已可供测试，开发人员现在可以在 Linera 核心团队运营的少量测试验证器上测试他们的项目。

Odaily News According to official news, the registration entrance for Linera Autumn Developer School 2023 has been opened on the global geek sports platform DoraHacks.io. This hackathon is hosted by Linera, a Layer1 blockchain protocol, and aims to encourage developers to use the Rust language to build innovative applications based on understanding the Linera SDK. The total hackathon prize pool is US$12,500, and the deadline for project applications is October 15.

According to official news from Odaily, multiple hackathons are currently being held on DoraHacks.io, including ATOM Accelerator’s AEZ Boost Hackathon, BinaryX Online Hackathon 2023, Akash-organized Akash-a-thon, Comdex Hackathon, Althea iFi Hackathon, etc. In addition, annual hackathons such as Klaymakers 23 Hackathon, Linera Autumn Developer School 2023, and Hackmos Cosmos Istanbul Hackathon are about to begin. Polygon European Hackathon and BNB Hackvolution Hackathon have ended, with 117 Hacker teams and 112 Hacker teams passing the Hackathon registration review respectively.

Odaily News: Layer1, a blockchain project created by former Meta employees, has completed a $6 million financing round. Borderless Capital led the investment, with participation from a16z, Laser Digital, ArkStream Capital, DFG, Jsquare, and CADENZA, among others. The project aims to introduce Web2-level scalability to Web3 applications through an unlimited number of small-scale user chains. The new funds will be used to expand the team, launch the protocol's development network and testnet, as well as cultivate strategic influence in the Asia-Pacific region and further develop its developer academy. (CoinDesk)

Odaily星球日报讯 Layer1区块链项目Linera发布白皮书，分享其对核心协议及其未来应用的最新思考，致力于快速和可扩展的多链。 Linera引入了在同一组验证器中并行操作多条区块链（可能多达数百万条）的想法，即“微链”（microchain）。在 Linera 中，可扩展性是通过添加区块链来获得的，而不是通过增加区块大小或提高速率来获得的。Linera 鼓励用户运营自己的微链，当微链由单个用户操作时，Linera 使用受可靠广播启发的、简化的无内存池共识协议。 此前报道，今年6月，Linera宣布完成600万美元种子轮融资，a16z领投，Cygni Capital、Kima Ventures和Tribe Capital等参投。筹集资金将用于聘请工程师和团队成员来构建协议。