Launch N1

About N1

N1 is a Layer 1 blockchain built for trading. N1 Exchange is an onchain perpetual futures exchange for the majors and for markets you can't trade anywhere else, starting with TCGX, the first trading-card index market.

[About the team ]

History

From Layer N to N1

September 2023Layer N comes out of stealth with a $5M seed round co-led by Founders Fund and dao5. Read the post
December 2024Layer N becomes N1, a new Layer 1. Read the post
July 2026N1 announces it is acquiring 01 Exchange, the first app incubated on N1. Trading moves to app.n1.xyz. Read the post
August 2026Day one for N1 Exchange, now running on Nord Nova, with RFQ markets. N1 Prime is introduced the same day. Read the post
September 2026TCGX, the first trading-card index market, launches as the first of the Discovery Markets. Read the post

Backers

Seed round backers

The seed announcement names these investors, among others:

  • Founders Fund (co-lead)
  • dao5 (co-lead)
  • SALT
  • Kraken Ventures
  • Mirana Ventures
  • Amber Group
  • Spencer Noon
  • Karthik Raju

Team

Who builds N1

About the team in the N1 docs covers the people behind N1 and how they came to build it.

Security and trust covers how N1 holds and moves funds, settles trades and manages risk.

Press

Writing about N1

N1 builds its trading modules, an order book, request for quote (RFQ) and a margin system, into the network layer itself, secured by validators. Traders use N1 Exchange at app.n1.xyz and on iOS and Android.

TCGX is a trading-card index on N1. Its oracle combines price observations for 160 card variants from Magic: The Gathering, Pokémon, One Piece Card Game and Disney Lorcana into one reference level, and N1 Exchange lists a perpetual future on that level. Traders can go long or short on card prices, or hedge a card collection, without buying, storing or delivering cards.

[Press contact ]