Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation of $1.65 billion with this fund injection, reaching well above unicorn status.
Optimism Gets Backing to Keep Growing
Optimism, a solution that allows for transacting on Ethereum with low fees, has scored a $150 million investment in its Series B funding round. The round, that was co-led by A16z and Paradigm, caused the organization to reach a valuation of $1.65 billion, being one of the most valuable L2 Ethereum expansion layers.
VCs are considering the relevance that these scaling technologies have for the future of Ethereum. While Ethereum fees have been relatively low recently, during the recent bull market, this was almost never the case. To appease use
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