The funding spherical was co-led by Andreessen Horowitz’ a16z and main crypto VC agency Paradigm.
Optimism, a layer 2 scaling answer on the Ethereum community, has secured $150 million in a Sequence B funding, the blockchain platform introduced on Thursday.
Heavyweight crypto buyers Andreessen Horowitz (a16z) and Paradigm co-led the financing spherical. The agency added in particulars shared through a Medium post that the funding spherical had the blockchain agency at a valuation of $1.65 billion.
After over a yr on mainnet, our milestones maintain including up: $1B in fuel charges saved for customers, hundreds of sensible contracts deployed, three separate forks…
And now: funds raised to the tune of $150M, giving us runway to maintain transport rain or shine.https://t.co/pBC2jmXtnh
— Optimism 🔴✨ (@optimismPBC) March 17, 2022
The Optimism mainnet has been reside for over a yr and in that point, the L2 answer has seen customers save over $1 billion in fuel. The success of its expertise has additionally seen tasks deploy hundreds of contracts.
The open-source code has additionally seen three in style 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 subsequent 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 buyers save on transaction charges, which could be prohibitive on the Ethereum community.