Layer N, a blockchain project supported by Peter Thiel's Founders Fund, has rebranded as N1. This new Layer-1 blockchain is designed to deliver high performance and aims to revolutionize the development of next-generation crypto applications.

N1 is a full-stack app-centric blockchain that prioritizes scalability and speed, addressing limitations of previous blockchain projects. Its goal is to support innovative crypto apps that were previously hard to achieve due to technological constraints.