Are you ready for L2 2022? Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz and Paradigm at a total valuation of $1.65 billion.
“optimistic rollups,” which aggregates transactions outside of the Ethereum blockchain and provides benefits of reduced slippage, decreased transaction costs and vastly improved transaction speeds.
According to data tracker, L2Beat, the total value locked on L2 platforms has grown to $5.76 billion, with Optimism currently ranked in fourth place among its L2 peers with around $440 million in TVL on its platform. Kain Warwick, Australian crypto veteran and founder of Synthetix, a decentralized derivatives exchange, told his 107,000 twitters followers that he not only participated in the Optimism funding round, he “doubled down hard,” expecting Optimism to “be up there with ETH in size soon.”
Disclosure I participated in this round following on from the previous round but I double down hard. My portfolio by size is now looking like this:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How This Startup Rebounded To Raise Its Series C Round After 11 YearsBefore raising more funds, bill-paying startup Doxo waited for its revenue to exceeded the $29 million it had raised historically.
Read more »
Gaming startup Lava Labs’ valuation tops $100 million in Series A raiseA London-based gaming studio that hopes to become the ‘Pixar of web3’ has raised fresh funding at an eye-grabbing valuation.
Read more »
Mike Myers Returns in Trailer for Netflix Series, Plays 8 CharactersThe 'Wayne's World' and 'Austin Powers' star has unveiled a preview of his mysterious new comedy, 'The Pentaverate.'
Read more »
Netflix’s ‘Resident Evil’ Live-Action Series Gets Premiere Date & ArtThe horrors of Resident Evil will haunt Netflix this summer as the streamer unveils the premiere date for its upcoming live-action series based on the popular video game franchise. The series hails…
Read more »
Netflix is streaming the Volodymyr Zelensky series that foreshadowed his presidencyNetflix is streaming the TV series that helped make Volodymyr Zelensky a star -- and served as a springboard for his campaign to become president of Ukraine.
Read more »
Hurry and get the Apple Watch Series 7 at its lowest price everThe hugely popular Apple Watch Series 7 is on sale at a cool $60 discount in one 41mm version and three 45mm colors for a presumably limited time only.
Read more »