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

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