Optimism Raises $25 Million in A-series Funding
Investors were headed by a16z. Interest in cryptocurrencies is caused by the fact that the startup solves the problem of scalability Of Ethereum
A16z notified users in its blog that it had invested in Optimism. The startup is in the process of being rolled out and will be ready for launch by the end of this year.
Andreessen Horowitz's team expects the startup to improve the prospect of scaling the ETH blockchain with its Optimistic Rollup development. It combines transactions in the ETH blockchain into a second-level protocol. This is very relevant today.
The previous funding round took place a year ago. Then the founders of the startup raised $3.5 million to create Optimism. The base for this project was the non-profit organization Plasma Group.