L2 network Taiko completes $15 million Series A financing round, led by Hashed and others
Based on zkRollup, the Ethereum Layer 2 network Taiko announced the completion of a $15 million Series A financing round, led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, WW Ventures and others participated in the investment.
The network has already launched six testnets with over 1.1 million unique wallets. Taiko plans to introduce new technology to address liquidity fragmentation issues and launch the second phase of developer incentive program in December 2023. At the same time, Taiko also commits to allocate 1% of token supply to Ethereum's core development organization Protocol Guild.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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