Termina, the SVM-as-a-Service platform by Nitro Labs, has raised a $4 million seed funding round, led by Lemniscap. [NOTE: SVM stands for Solana Virtual Machine — the operating environment for smart contracts on the Solana blockchain.) According to the team: "Recognizing the lack of SVM infrastructure offerings across the market, Nitro Labs got to work on building Termina, with a clear mandate to scale the SVM while empowering developers to create customizable Solana-based networks optimized for performance and privacy. Currently over 20 ecosystem partners are building alongside Termina, including both Solana-native and cross-chain projects, allowing developers to deploy and manage purpose-built SVM networks quickly and efficiently."

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