Ethereum scaling startup Stackr Labs has completed a $5.5 million seed round financing, led by Archetype

ChainCatcher news, Indian Ethereum scaling project Stackr Labs announced the completion of a $5.5 million seed round financing, led by Archetype, with participation from a16z Crypto Startup School, Lemniscap, Scalar Capital, and others. Stackr plans to expand its team and launch a testnet. Stackr also plans to establish a grant program to attract developers to build on its platform.

Stackr is developing Ethereum scaling infrastructure focused on "micro-rollups" or application-specific rollups, aimed at helping developers launch scalable Web3 applications using Web2 programming languages. Stackr stated that its modular framework will allow developers to focus solely on the specific logic of their applications while managing the underlying rollup infrastructure.