Optimism allocates $3 billion in OP tokens to its blockchain developers and projects
đ¸The funding round was led by Andreessen Horowitz, a renowned venture capital firm.
đ¸Optimism has successfully raised $70 million in Series B funding round in 2024.Notable participants included Paradigm, Three Arrows Capital, and Polychain Capital.
đ¸Funds will be used to expand Optimismâs team and develop its Ethereum Layer 2 scaling solution.
đ¸Optimism aims to reduce Ethereum's high transaction costs and improve its scalability.
đ¸The company plans to launch its mainnet this year after a successful testnet phase.
đ¸The Layer 2 solution could help Ethereum compete with other fast-growing blockchain networks.
đ¸The funding signifies growing investor interest in blockchain scalability solutions.
$OP #OP #Optimism
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