PANews reported on June 8 that according to The Block, crypto startup Taiko Labs raised $22 million in two rounds of seed financing, the first round of which was $10 million led by Sequoia China and ended in the third quarter of 2022, and the second round was $12 million led by Generative Ventures. Other investors in the first and second rounds included IOSG Ventures, GSR and GGV Capital, as well as angel investors such as POAP founder Patricio Worthalter, Ethereum Foundation's Tim Beiko and Anthony Sassano. Taiko did not disclose the specific valuation.
It is reported that Taiko can enable developers and users to experience Ethereum safely, with lower transaction fees and without having to consider any changes. Dora, founder of OKX Ventures, said that the zk-EVM built by Taiko belongs to the Type 1 echelon, that is, complete Ethereum equivalence. It is the most promising project in the current zkEVM field and one of the five ZK-EVM players named by Vitalik on Twitter.
Earlier news said that Ethereum Layer2 network Taiko has launched the alpha-3 testnet and will deploy Taiko L3 within a few weeks.
