Ethereum L2 execution environment MultiVM completes $6.9 million financing, with participation from Inception Capital and others

2024-05-23 20:46:12

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ChainCatcher news, Inception Capital stated on social media that it has jointly participated with Lattice in a $6.9 million early financing for the Ethereum L2 execution environment MultiVM.

It is reported that MultiVM is building a new type of ZK Rollup on Ethereum, which unifies multiple virtual machines and languages, allowing EVM developers to scale beyond the Ethereum ecosystem, while non-EVM developers can also scale to the Ethereum ecosystem.

According to the Web3 asset data platform RootData, MultiVM is a Layer 2 zk-rollup designed specifically for multi-language smart contract development. It offers fast performance and ensures secure communication through cross-virtual machine calls, essentially allowing each virtual machine to operate on a single unified Ethereum rollup. The project has evolved from the decentralized trading platform Spin on NEAR.

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MultiVM

Layer2 supporting multi-language smart contracts