Ethereum scaling project Scroll has recently announced that it has raised $30 million in a Series A funding round. The funding was led by General Catalyst, with participation from existing investors including Coinbase Ventures and ConsenSys.
Scroll is a decentralized content platform that is built on the Ethereum blockchain. It aims to improve the scalability and efficiency of the Ethereum network by using a layer 2 solution called Optimistic Rollups. This allows Scroll to process transactions faster and at a lower cost, making it a more attractive platform for developers and users.
The $30 million in funding will be used to further develop the Scroll platform and expand its user base. It will also be used to hire additional staff and build partnerships with content creators and platforms.
Overall, the Series A funding round is a major milestone for Scroll and a sign of confidence in the project’s potential. It will be interesting to see how Scroll is able to use the funding to grow and improve the Ethereum network.