Ethereum Scaling Startup triples reported in four months.

Ethereum Scaling Startup triples reported in four months.

The Layer-2 developer of Ethereum, strong goods, collects at least $ 100 million for an assessment of $ 6 billion, according to the Israeli newspaper Calacalist reported .

Starkware declined a statement on Thursday. A company source that spoke anonymously with blockwork, however, said they could not confirm it, "but it sounds completely plausible".

"The interest of developers and investors has passed through the ceiling since the introduction of Starknet," said the source.

The new rating is the three-time assessment of $ 2 billion of just four months ago when the company spent $ 50 million in a series C round listed by Sequoia Capital.

"It seems to be the idea of having every web3 building that stimulates the imagination of risk capital," said the source. "Although the numbers mentioned are high, I will not be surprised when I come to work and hear that they are correct."

Starkware is a four-year-old startup-founded by the four co-founders Eli Ben-Sasson, Alessandro Chiesa, Uri Kolodny and Michael Riabzev-the Blockchain scaling services via "Stark" Proofs, which are an ethereum-based products with roll-up technology invented by Ben-Sasson and Riabzev.

The two products based on heavy goods include the two products-Starkex, Permissioned Validity Rollup, and Starknet, Permissionless Decentralized Zero knowledge Rollup-to increase the speed and reduce the cost of Ethereum gas fees.

Two weeks ago, Starket began providing decentralized apps or dapps with Zero-Knowledge-Rollup technology to relieve the scaling problem of the blockchain.

In an interview with Blockworks in November 2021, Kolodny said that Starknet "did not need money" from Series C, but the means helped them to expand their business faster.

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The contribution "Ethereum Scaling Startup Reportly Triples Valuation in Four Months" is not a financial advice.