Popular scaling solution Optimism has announced a $150 million Series B financing round co-led by Andreessen Horowitz (a16z) and Paradigm with a total valuation of $1.65 billion.
According to a blog post by Optimism, the Layer 2 (L2) solution has saved users of the Ethereum network more than $1 billion in gas costs. The funding will be used to expand the Optimism team and work to further reduce network costs.
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This post Optimism Saves Users $1 Billion in Fees, Raises $150 Million in Series B by Cointelegraph was original published at “https://www.investing.com/news/cryptocurrency-news/optimism-saves-users-1b-in-fees-raises-150m-in-series-b-2787825”