Andreessen Horowitz Leads $25M Round in Ethereum Scaling Solution
The titan of Silicon Valley VC is leading a major round in Optimism.
The network has quietly grown by a factor of two over the past year, with everyday users and major exchanges embracing the scaling technology.
The throughput-boosting Layer 2 project said rushing its mainnet launch could have consequences for unprepared projects.
Polygon's co-founder and COO says he works 18-19 hours a day, helping to build a project that will grow alongside Ethereum.
Tether and Hermez announced mutual support in January to address the problem of historic Ethereum transaction fees.
The round was joined by a host of cryptocurrency projects that are considering adding zkSync, including Coinbase, Aave and Curve Finance.