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


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

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

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

The Optimism mainnet has been stay for over a yr and in that point, the L2 resolution has seen customers save over $1 billion in gasoline. The success of its expertise has additionally seen tasks deploy 1000’s of contracts.

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

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

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



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