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Tuesday, November 29, 2022
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    HomeEthereumOptimism raises $150 million in a funding round co-led by a16z

    Optimism raises $150 million in a funding round co-led by a16z

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    The funding spherical was co-led by Andreessen Horowitz’ a16z and main crypto VC agency Paradigm.

    Optimism, a layer 2 scaling answer on the Ethereum community, has secured $150 million in a Collection B funding, the blockchain platform introduced on Thursday.

    Heavyweight crypto buyers Andreessen Horowitz (a16z) and Paradigm co-led the financing spherical. The agency added in particulars shared through a Medium post that the funding spherical had the blockchain agency at a valuation of $1.65 billion.

    The Optimism mainnet has been dwell for over a 12 months and in that point, the L2 answer has seen customers save over $1 billion in fuel. The success of its know-how has additionally seen tasks deploy hundreds of contracts.

    The open-source code has additionally seen three fashionable forks, with the platform firmly within the limelight throughout the Ethereum ecosystem.

    Per the Medium submit, the group at Optimism now plans to take their work throughout the community to the following stage. This, they revealed, will occur with additional strengthening of its group.

    The startup is now one of many newest Unicorns within the crypto area and its continued growth comes amid contemporary impetus within the NFTs and DeFi sectors.  Scaling options similar to Optimism are essential as they assist buyers save on transaction charges, which might be prohibitive on the Ethereum community.





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