[PRESS RELEASE – London, UK, October 29th, 2024]

The funding will support network growth in KRNL Labs’ quest to build the node package manager for decentralized computing

KRNL Labs is pleased to announce a $1.7 million pre-seed funding round to build the largest open, multichain software registry in Web3. The round was backed by notable investors including TRGC, Superscrypt, Ryze Labs, Builder Capital, Blockchain Founders Fund, WAGMi Ventures, STIX, YAP Capital, and several strategic angel investors.

KRNL Labs is crafting a new category of software management for Web3 by innovating at the RPC node level to enable cross-chain communication. KRNL Labs has unlocked the ability to share libraries across blockchain networks, fundamentally changing how execution tasks are handled.

KRNL effectively behaves like Node Package Manager (npm), a widely-used tool for managing JavaScript packages, enabling developers to easily install, share, and manage dependencies in their projects, by managing libraries, called kernels, as modular execution shards. The KRNL protocol enables asynchronous composability across diverse execution environments, unlocking a new class of cross-chain applications built with a component-centric architecture. This approach allows developers to build dApps that can leverage multiple blockchains simultaneously, significantly increasing their efficiency and scalability.

Tahir Mahmood, co-founder of KRNL Labs, stated, “Execution and sharding can be implemented differently to allow multiple execution shards to apply to a single transaction. We call these shards kernels, and they are community-built, permissionless, monetizable, and composable.”

To ensure secure and efficient execution across networks, KRNL employs an enhanced Go Ethereum (Geth) client with a custom GraphQL runtime, which allows dApps to offload execution tasks to optimized networks or even Web2 infrastructure. This unique solution addresses key challenges including scalability, interoperability, and cost-efficiency.

“KRNL Labs is truly a category of ONE. By redefining how cross-chain communication and execution are handled, they are building the first modular, composable execution layer. They are so