Polkastarter Reports $65M TVL in zkSync while Matter Labs Completes $458M Financing
It is reported that the decentralized start-up platform Polkastarter said on social media that the TVL of zkSync, an Ethereum two-layer network based on ZK Roll
It is reported that the decentralized start-up platform Polkastarter said on social media that the TVL of zkSync, an Ethereum two-layer network based on ZK Rollup, has reached 65 million dollars, the development company of zkSync, Matter Labs, has completed a financing of 458 million dollars, and Blockchain Capital has led the investment of 200 million dollars. In addition, the zkSync public test network has been launched and there are rumors of air drop, but there is no zkSync token yet.
ZkSync development company Matter Labs completed US $458 million financing
Analysis based on this information:
Polkastarter, a decentralized startup platform, recently announced on social media that zkSync’s Total Value Locked (TVL) had reached $65 million. This impressive number represents the amount of assets that are locked within zkSync, which operates as an Ethereum two-layer network using ZK Rollup. This type of network allows for faster and cheaper transactions by keeping most of the data off of the main Ethereum blockchain.
The development company of zkSync, Matter Labs, has completed a staggering $458 million in financing. This investment is a clear indication that zkSync has significant potential as a blockchain technology company. As reported, Blockchain Capital, a venture capital firm specializing in blockchain investments, led the investment with $200 million dollars, cementing its position as a major player in the space.
The launch of the zkSync public test network is also a significant milestone for the project. It provides an opportunity for developers and users to test the network’s functionality and stability in a real-world setting. Currently, there are even rumors of an air drop, a common marketing strategy used to build hype and incentivize early adopters. However, despite the rumors, there is currently no zkSync token to speak of.
One of the most exciting aspects of zkSync is its potential to scale Ethereum transactions beyond their current limitations. Ethereum has struggled with network congestion due to the increased use of decentralized applications and the rise of non-fungible tokens (NFTs). However, zkSync can help alleviate these issues by keeping the majority of the data off the main Ethereum blockchain, allowing for faster and more affordable transactions.
In conclusion, zkSync’s success is a promising sign for the future of blockchain technology. The TVL figures and massive investment in Matter Labs demonstrate that zkSync is much more than just hype. The technology has the potential to revolutionize Ethereum transactions, making it faster and more affordable for everyone. It will undoubtedly be interesting to see how the project develops in the coming months and years.
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Overall, this passage discusses the recent updates in the development of zkSync, which is an Ethereum two-layer network based on ZK Rollup. There was a significant amount of investment raised by Matter Labs, the development company of zkSync, with Blockchain Capital leading the investment of $200 million. There are rumors of an air drop, and the public test network has been launched, but there’s no zkSync token yet. The success of zkSync indicates that it has the potential to revolutionize Ethereum transactions, making it faster and more affordable for everyone while addressing congestion issues.
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