Lava network is one of the up and coming services where they want to offer the services for the peer to peer network with no single point of failure. So this type of the RPC nodes are offered in this network which would help many blockchains a feature to avoid those point of failure and slowing down of the chain issues. For example, STEEM, Hive, Blurt and others who are on the content network have Node issues a lot.
Lava network offers the solutions in this space. They are built on the Cosmos blockchain and the BFT consensus. Which makes it easier for the networks to access the network without any point of failure and also building without halting the network is easier.
Lava network has a lot of benefits for the networks who want to build their RPC nodes which are not dependent on single point of failure. So this way those are likely less issues in the upcoming times. There would be much more speed and more optimization in the node side. Also there would be more consistent data. Most of the demanding content networks and the blockchain games can make use of this too.
Now such projects would require regular funding to thrive in upcoming challenging times. As each RPC node would be evolving as the market evolves with more demanding resources. And so I am not surprised they got the seed round of that amount. And more development in this place it would be helping the content networks, staking networks and blockchain gaming networks and marketplaces.
Lot of interesting things coming in this space. So Lava network is worth keeping a tab on.
