According to Foresight News , Cointelegraph reported that the decentralized clearing network Yellow Network completed a $10 million seed round of financing, led by Ripple co-founder Chris Larsen, with participation from Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital and LD Capital.
Yellow Network is a Layer-3 P2P protocol that leverages state channels to facilitate transactions and settlements through smart clearing.