Fundraise

Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto

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Espresso Systems Raises M in Fresh Funds, Led By A16z Crypto

Layer-2 firm Polygon Labs also participated in the investment round, a spokesperson for Espresso told CoinDesk over email. According to a screenshot tweeted by the Espresso team, other investors included the layer-2 developers StarkWare and Taiko. Offchain Labs, the main developer behind Arbitrum, the biggest layer-2 network, backed Espresso, according …

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Polyhedra Network Closes $20M Round at $1B Valuation

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Polyhedra Network Closes M Round at B Valuation

Polyhedra Network uses zero-knowledge proofs as the foundation of its products, giving users increased security and scalability. Zero-knowledge proofs are protocols that help prove the validity of statements on blockchains without offering any identifiable information. The zkBridge protocol facilitates interoperability between networks and has secured over 20 million cross-chain transactions …

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