Ethereum Layer-2 developer strong goods after $ 100 million at $ 8 billion estimated

Ethereum Layer-2 developer strong goods after $ 100 million at $ 8 billion estimated

Starkware Industries, developer of Layer 2-scaling solutions for Ethereum (Ethle), that it has raised 100 million US dollars, whereby it has raised its valuation of 2 Billions have risen to $ 8 billion. Six months ago, heavy goods collected $ 50 million in a financing round of Serie C.

The latest financing of starware takes place in the middle of a bear market and follows the cryptic cryptocurrencies Luna and Terrausd (VAT). Nevertheless, Uri Kolodny, co-founder and CEO of strong goods, said that the salary increase was "a proof of trust" in the tech stack of strong goods.

Starkware has established itself as a prominent Ethereum layer 2 scaling protocol and rely on its stars technology to reduce the amount of information sent to Ethereum blockchain and reduce blockchain overload.

It recently launched its STARTNET Alpha 2 scaling solution. Starket uses fundamental compression technology to increase the production and safety advantages of Ethereum Layer-1 (L1) as a permission to increase.

According to Kolodny's partner Eli Ben-Sasson, co-founder and President of Starkware, the goal is to make blockchain apps as widespread as smartphone apps. "Anyone who has ever created a website can use Starknet to create a blockchain app that will be part of the Web3 revolution and will be new and exciting applications for blockchain breaking," said Ben-Sasson.

The scaling engine of strong goods, Starkex, compressed transactions by Starks before they are added to the Ethereum blockchain network. According to reports, about half a trillion dollar were traded on Starkex.

For example, the game company Immutable X has been using Starkex for two years to shape its NFTS on Ethereum. The Starkex engine increased throughput and reduced the gas costs in connection with the NFT embossing for its Gods Unchained blockchain game.

unchangeable x announced on Wednesday that it will be integrated on the strongnet protocol on Wednesday, to become a cross-roll-up liquidity platform for NFTs. This will enable the players to do every asset that is compared via several Ethereum-Layer 2 and Layer 3 rollups directly and easier to do projects that migrate immediately from L1-smart-Contract-based games.

The Post-Ethereum-Layer-2 developer strong goods worth $ 8 billion after $ 100 million is not a financial advice.