5:09:18 PM PST - Wednesday, November 30th, 2022

Matter Labs, the company behind zkSync, raises $200 million to scale Ethereum  

By Editor - Wed Nov 16, 7:57 am

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Matter Labs has raised a $200 million Series C funding round co-led by Blockchain Capital and Dragonfly. Matter Labs is better known for its work on zkSync , an Ethereum scaling solution that drastically reduces the cost of Ethereum transactions. LightSpeed Venture Partners, Variant and Andreessen Horowitz are also participating in the Series C round. Overall, Matter Labs has raised $458 million, including a $200 million ecosystem fund to foster zkSync adoption. It’s quite a large sum of money, which means that the company will be able to iterate on zkSync for a while even though we still don’t know the full aftermath of the collapse of FTX.

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Matter Labs, the company behind zkSync, raises $200 million to scale Ethereum

  • Comments Off on Matter Labs, the company behind zkSync, raises $200 million to scale Ethereum

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