PANews reported on March 5 that Interstate, an Ethereum-based preconfirmed network, has completed a $1.5 million funding round. The investors include Marshland Capital, Taisu Ventures, Bloccelerate, Alpen Labs, GD1, MH Ventures, Alchemy Ventures, Legends Group, Waikik Lau, and Sergey Gorbunov.

Interstate is a cryptocurrency research and development company dedicated to improving the Ethereum user experience by reducing transaction confirmation times. Their preconfirmation network allows users to receive transaction confirmations in approximately 100 milliseconds, exceeding Ethereum's standard 12-second block time.