The post The Latest Ethereum Layer 2 Levers up $20 Million appeared first on Coinpedia Fintech News
Blur Founder’s layer 2 network BLAST has raised $20 million in the latest funding round, but will the same serve their needs in reducing transaction costs?
Ethereum is already encountering shortcomings concerning speed, costs, and scalability, and keeping this as the base issue, the Blur Founder’s layer 2 network has engaged in a fundraising activity, which has enabled it to secure $20 million, typically led by Paradigm and other major investors.
Paradigm Found Its Potential Investments
Paradigm is a research-driven investment company that invests in potential companies and spaces that are innovative, beginning from $1 million to $100 million and beyond. It has lately invested in BLAST along with major investors like Standard Crypto, The Block CEO Larry Cermank, Mechanism Capital co-founder Andrew Kang, EGirl Capital, Lido strategy advisor Hasu, and some of the angel investors.
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