Ethereum’s second-layer expansion solution, Scroll, recently completed its third round of financing at a valuation of US$1.8 billion. Today, its co-founder Sandy Peng spoke at the Foresight Hong Kong Summit "The Light of the Chinese | World-Attracted Chinese Web3 Project" theme conference Announced that it will launch a cooperation plan to stimulate ecology, and the Mainnet will be launched in the next 3 to 4 months.
Scroll was founded in 2021 with the vision of scaling Ethereum to one billion users. Scroll announced the trial of the first Pre- Alpha testnet in August last year, enabling users to conduct transactions on the network, and completed the testnet reset for the first time on January 16 this year.
The test network has generated more than 1 million blocks, and the Mainnet will be launched in Q3
With the end of Arbitrum's AirDrop, the market has recently turned its attention to the second-layer network of the zk series. At present, Scroll's Alpha test network is officially running on the Goerli test network, and it has transitioned from the Pre- Alpha stage to the Alpha Alpha stage. The testnet has also produced more than 1 million blocks as of last week.
In terms of underlying technology, Scroll realized the aggregation of the zk three-tier network this week, and is currently focusing on processing the load of transaction records and increasing the efficiency of Cross-chain transactions.
What is Scroll?
Scroll closes $50 million funding round at a $1.8 billion valuation
According to a report in early March, Scroll completed a financing of US$50 million at a valuation of US$1.8 billion. Venture capitalists participating in this round of financing include: Polychain Capital, Sequoia Capital China, Bain Capital Crypto, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures and Qiming Venture Partners participated.
It is understood that Scroll previously raised $ 33 million in the first two rounds of financing, and the new round brings Scroll's total financing to date to $ 83 million.
