Taiko, a fully decentralized, Ethereum-equivalent ZK-Rollup, has raised $22M across two funding rounds co-led by Sequoia China and Generative Ventures.
Other investors in the two rounds included IOSG Ventures, GSR, GGV Capital.
The startup is building a Type 1 zkEVM, a solution touted by Vitalik Buterin as necessary for scaling the Ethereum blockchain. Recently, Taiko has launched their Alpha-3 Testnet with new features which can be tested by users.
More Info👇
http://theblock.co/post/233727/taiko-raise-zkevm
