Scroll, announced its upcoming token launch raising $50M in the last round of funding.
Scroll prominent projects, zkSync and StarkNet reflect the broader trends scaling Ethereum.
Scroll, an Ethereum Layer 2 scaling solution utilizing zero-knowledge rollups (ZK-rollups), made headlines with its upcoming token and airdrop launch. As of July 2024, Scroll completed a significant upgrade to its mainnet called the Curie upgrade.
It raised $50M in the last round of funding with a $1.8B valuation. It is designed to be fully compatible with the Ethereum Virtual Machine (EVM), which means it can seamlessly support Ethereum applications without needing modifications. The technology behind Scroll allows Ethereum transactions to be faster and at lower costs.
The Scroll team, led by co-founders Sandy Peng, Ye Zhang, and Haichen Shen, has been working to establish a strong foothold in the Ethereum landscape. It includes a $30M Series A, led by Polychain Capital and Bain Capital Crypto.
Although it does not currently have a token, the company has hinted at an upcoming airdrop. Their guidelines suggest that a token potentially rewards early users who engage with their test net, Scroll Alpha. This could offer an opportunity for participants to earn free rewards as it expands its ecosystem.
Scroll’s Upgrade and Token Launch Highlight Interest in ZK-Rollups
In addition, other prominent ZK-rollup projects like zkSync and StarkNet are also worth watching. The interest in these technologies reflects a broader trend towards scaling Ethereum efficiently while addressing high gas fees and transaction delays.
With the successful release of Scroll’s Curie upgrade and the potential for a token launch, it is poised to make a significant impact in the Ethereum L2 space.
As the market continues to evolve, keeping an eye on developments like Scroll’s token launch could be beneficial for those looking to engage with emerging technologies in the crypto world.
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