Polkastarter reports $65 million TVL for zkSync and Matter Labs completes $458 million financing

03/08/2023 15:59 • Metaverse Matters • 87 views

It is reported that the decentralized start-up platform Polkastarter said on social media that the TVL of zkSync, an Ethereum two-layer network based on ZK Rollup, has reached 65 million dollars, the development company of zkSync, Matter Labs, has completed a financing of 458 million dollars, and Blockchain Capital has led the investment of 200 million dollars. In addition, the zkSync public test network has been launched and there are rumors of air drop, but there is no zkSync token yet.

ZkSync development company Matter Labs completed US $458 million financing

Analysis based on this information:

The latest news from the decentralized start-up platform Polkastarter is that the TVL (Total Value Locked) of the zkSync network, an Ethereum two-layer network based on ZK Rollup, has reached a whopping $65 million. This is a significant milestone for zkSync, as it boosts confidence in the network’s scalability and efficiency, which could potentially attract more users and investors.

The development company of zkSync, Matter Labs, has also made headlines, as it has just completed a financing round worth $458 million, led by Blockchain Capital, which invested $200 million in the project. This fresh injection of capital is a clear indication of the growing interest and faith in Matter Labs and zkSync, which could pave the way for further development and innovation in the crypto space.

Furthermore, the launch of the zkSync public test network is also a promising step towards achieving their goal of making the network more accessible and user-friendly. With the launch of the public test network, developers and users can experience the benefits of zkSync and provide valuable feedback to improve the network’s functionalities.

The various developments around zkSync have fueled rumors of an upcoming airdrop, but there is still no official announcement of a zkSync token. However, it is undeniable that the news of progress and growth around zkSync has generated buzz and excitement in the crypto community, which could have a positive impact on the overall adoption and use of blockchain technology.

In conclusion, the recent news around zkSync, Matter Labs, and Polkastarter highlights the potential of ZK Rollup technology in solving the scalability issues of Ethereum, which has long been a concern for members of the blockchain community. In addition, it underscores the value of having strong partnerships and funding support to drive innovation and growth in the crypto space.

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