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The company completed a restructuring in the wake of its decision to exit services related to its MEV-Boost Relay, a type of software used by Ethereum network validators. Original Source
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“What started out as an economically interesting opportunity turned into not a very economically interesting opportunity,” Cutler said. “We made a bunch of efforts that are still ongoing, both publicly and privately, to try to introduce economic incentives at the relay layer, but those didn't really materialize.” Original Source
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When Blocknative completed the other part of the Series A investment in 2021, the CEO revealed plans to expand the team.Web2 infrastructure company Blocknative has secured $15 million in a Series A-1 round for the block-building market in the Ethereum ecosystem. Launched in 2018, the company focuses on transaction processing
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The funding was led by Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures and others, and the financing will accelerate Blocknative’s initiatives in the block building market in the Ethereum ecosystem. Original Source
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