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Fuel Network aims to streamline the developer experience to build more secure and scalable rollups for the Ethereum network. To achieve this, the platform utilizes its own smart contract execution environment—FuelVM—which is powered by Fuel’s proprietary programming language, Sway. Sway is a hybrid coding language that combines the advantages of Rust and Solidity, such as safety features, good defaults for developers, and the concept of built-in top-level contract storage.
During its seed funding round, Fuel Labs raised over $1.5M from CoinFund, Fenbushi Capital, and Origin Capital.