Optimism raises $ 150 million with help from Paradigm and a16z

Optimism, a Tier two scaling option for Ethereum, has just finished a Series B funding round with a complete raised worth of $ 150 million.

Optimism raises $ 150 million with support from Paradigm and a16z
Optimism raises $ 150 million with help from Paradigm and a16z

In individual, this round of Series B optimism sees the participation of two huge investment money, Paradigm and a16z, bringing the complete valuation of the undertaking to $ one.65 billion.

The info on the fundraising course of action over was shared by Chris Dixon, an investment spouse of a16z on his Twitter:

“Ethereum’s scaling is demanding in the brief phrase and will even further increase the layout area for Web3 applications. We collaborate with Optimism in this round of Serie B to proceed supporting ground breaking tasks in this sector. “

According to statistics from L2Beats, a information aggregation internet site for Layer-two remedies, Optimism presently has a Total Value Locked (TVL) degree of about $ 500 million, ranking 4th in complete worth of assets locked on the platform.

Layer-two or Ethereum scaling remedies are also on the lookout for a whole lot of key terms recently, as transaction costs on the ETH core network steadily improve in the course of volatile market place intervals.

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