{"id":209951,"date":"2021-03-24T21:00:34","date_gmt":"2021-03-24T18:00:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vcs-bet-big-on-layer-two-as-starkware-raises-a-staggering-75-million\/"},"modified":"2021-03-24T21:00:34","modified_gmt":"2021-03-24T18:00:34","slug":"vcs-bet-big-on-layer-two-as-starkware-raises-a-staggering-75-million","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vcs-bet-big-on-layer-two-as-starkware-raises-a-staggering-75-million\/","title":{"rendered":"# VCs bet big on layer-two as StarkWare raises a staggering $75 million"},"content":{"rendered":"<p>&#8220;<strong># VCs bet big on layer-two as StarkWare raises a staggering $75 million <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvOTBhMTY5YWYtNzNjNS00ZmI1LTg4NzQtNjY4NTNkMTg4NjAyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others.\u00a0<\/p>\n<p>The team announced the raise in a Tweet:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Announcing our $75M Series B, led by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/paradigm?ref_src=twsrc%5Etfw\">@paradigm<\/a>, with new investors (Three Arrows &amp; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AlamedaResearch?ref_src=twsrc%5Etfw\">@AlamedaResearch<\/a>), and old ones too (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PanteraCapital?ref_src=twsrc%5Etfw\">@PanteraCapital<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sequoia?ref_src=twsrc%5Etfw\">@sequoia<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/foundersfund?ref_src=twsrc%5Etfw\">@foundersfund<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DCVC?ref_src=twsrc%5Etfw\">@DCVC<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Wing_VC?ref_src=twsrc%5Etfw\">@Wing_VC<\/a>).<\/p>\n<p>\u2014 StarkWare (@StarkWareLtd) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StarkWareLtd\/status\/1374754476414939146?ref_src=twsrc%5Etfw\">March 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>StarkWare, which previously raised $30 million in 2018, offers zero-knowledge rollup <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> allowing for offchain computation, beefed up transactional throughput, and claims to offer mainnet-coparable security guarantees. CEO Uri Kolodny has cast shade in the past at Ethereum\u2019s native scaling efforts, headlined by the forthcoming ETH 2.0 upgrade. Starkware has formed deals with decentralized exchange projects DiversiFi and dYdX, and more recently announced a NFT-focused offering allowing for highly cost-effective mass minting:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">600,000 NFTs *minted* on L2 with a single STARK proof. <br \/>Minting an NFT costs less than 10 gas, much less than a penny.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Immutable?ref_src=twsrc%5Etfw\">@Immutable<\/a> X Alpha on Mainnet imminent, massively scaled by StarkEx. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0nCXEduvUk\">pic.twitter.com\/0nCXEduvUk<\/a><\/p>\n<p>\u2014 StarkWare (@StarkWareLtd) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StarkWareLtd\/status\/1373936192421519366?ref_src=twsrc%5Etfw\">March 22, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>So far, however, rival EVM chains and complimentary \u201csidechains\u201d have absorbed the majority of the refugees fleeing Ethereum fees. Binance Smart Chain is now home to implementations of many top projects (both official and dozens of unofficial \u201cforked\u201d versions), and Polygon-nee-Matic has attracted a number of NFT projects like Aavegotchi.\u00a0<\/p>\n<p>Starkware isn\u2019t the only project to cash in on growing demand for scaling solutions as well, as the growing traffic has been a boon for scaling solution tokens.<\/p>\n<p>Multiple projects are also investigating using optimistic rollups, a similar solution to StarkWare\u2019s zero-knowledge rollups, to scale. MakerDAO is planning a \u201c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>-changing\u201d DAI optimism bridge, and Ethereum co-founder and figurehead Vitalik Buterin has crowned optimistic rollups as a potential \u201c100x\u201d improvement to Ethereum throughput that could be implemented in a matter of \u201cweeks.\u201d<\/p>\n<p>Given both the range of possible products \u2014 not to mention the eye-popping funding numbers flowing into them \u2014 it seems like a solution to scaling will come sooner rather than later. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vcs-bet-big-on-layer-two-as-starkware-raises-a-staggering-75-million\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# VCs bet big on layer-two as StarkWare raises a staggering $75 million &#8221; As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others.\u00a0 The team&#8230;<\/p>\n","protected":false},"author":1,"featured_media":209952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvOTBhMTY5YWYtNzNjNS00ZmI1LTg4NzQtNjY4NTNkMTg4NjAyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74891,95119,83051,71745],"class_list":["post-209951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ethereum","tag-layer2","tag-sidechains","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=209951"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/209952"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=209951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=209951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=209951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}