Taiko, An ‘Ethereum-Equivalent ZK Rollup,’ Raises $15 mn
Taiko, a layer-2 scaling solution provider for the Ethereum blockchain, has raised $15 million in a series A funding round, bringing its total fundraising across three rounds to $37 million.
The round was led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, with other investors including Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, and WW Ventures.
Taiko provides an “Ethereum-equivalent ZK rollup,” a layer-2 chain that provides faster and cheaper transactions for settling to a main or “base” blockchain like Ethereum. The term “ZK” refers to “zero-knowledge” cryptography, a trend in blockchain design.
(With inputs from Shikha Singh)
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