Ethereum scaling startup Versatus has completed a $2.3 million seed round financing, with participation from NGC Ventures and others

ChainCatcher news, Ethereum scaling startup Versatus Labs (formerly VRRB Labs) announced the completion of a $2.3 million seed round financing at a valuation of $50 million, with participation from NGC Ventures, Republic Crypto, and Hyperithm.

It is reported that the company completed a $1.4 million seed round financing in February this year, bringing the total funding to $3.7 million. Versatus is currently building a "stateless Rollup" called LASR. LASR is currently in the Alpha stage and is expected to launch on the Ethereum testnet in the first week of January next year, with plans to go live on the mainnet in mid-March.