L2 network Taiko completes $15 million Series A funding, led by Hashed and others

2024-03-03 00:11:56

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ChainCatcher news, the Ethereum Layer 2 network Taiko based on zkRollup has announced the completion of a $15 million Series A funding round, led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, with participation from Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, and WW Ventures. According to the crypto data platform RootData, Taiko has raised a total of $37 million through three funding rounds.

Since 2022, Taiko has launched six testnets and has over 1.1 million unique wallets. Its Alpha-6 testnet Katla was launched in January this year and has executed over 13 million transactions. Taiko plans to introduce new technology to address the liquidity fragmentation issue and will launch the second phase of its developer incentive program in December 2023. At the same time, Taiko has also committed to allocating 1% of its token supply to the Ethereum core development organization Protocol Guild.

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