Ithaca Secures $20 Million Funding For Layer 2 Blockchain Development

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Ithaca's $20 million funding, led by Paradigm, will bolster the development of its Layer 2 blockchain, Odyssey, and its future prospects.

According to Odaily, Layer 2 network development company Ithaca has successfully raised $20 million in a new funding round. The investment was co-led by Paradigm, with Paradigm's Chief Technology Officer, Georgios Konstantopoulos, set to become Ithaca's new CEO. The newly acquired funds will be utilized to support the launch of Ithaca's Layer 2 blockchain, named 'Odyssey,' which is currently operating on its testnet.

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