January 27, 2023

The event workforce behind Ethereum scaling answer zkSync, Matter Labs, has simply raised a contemporary $200 million. 

Blockchain Capital and Dragonfly co-led the Sequence C spherical and was joined by Variant, a16z, and LightSpeed Enterprise Companions. Funding giants a16z additionally contributed funding to the undertaking again in November, main Matter Labs’ Sequence B.

zkSync is one among many various technical approaches to scaling the Ethereum mainnet. 

Because the “zk” signifies, the know-how makes use of zero-knowledge proofs to scale back the info footprint on Ethereum whereas sustaining safety and community decentralization. It additionally makes use of roll-ups, which batch and bundle transactions off of the mainnet to enhance…

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