Today news
About the same in other media
Matter Labs raises $50M to build EVM-compatible zk-rollups
Reading now: 655
Matter Labs has announced a major new funding round to further develop the second version of its Ethereum-based rollups, zkSync.
On Nov. 9, Matter Labs announced it had secured $50 million in a Series B round led by Andreessen Horowitz and included participation from existing investors Placeholder and Dragonfly Capital. The new round follows Matter Labs’ $6 million Series A in February, and saw participation from many new investors including Crypto.com, ConsenSys, and OKEx.
The new cash injection will be channeled into further developing zkSync v2, the firm’s second-layer rollups solution for Ethereum that is currently focussed on facilitating low-cost payments.
Rollups are a second-layer scaling solution that “rolls up” transactions data in
Read more on cointelegraph.comAbout this in other media
Binance Labs launches eight-week long Season 3 of incubation program to support promising projects in the industry cointelegraph.com /3 years ago
Crypto rules are needed to avoid systemic risks. But how we classify them matter economictimes.indiatimes.com /3 years ago
Biden to release 50m barrels of oil in effort to bring down rising US gas prices theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
