Matter Labs has raised $200 million in a Collection C funding spherical co-led by Blockchain Capital and Dragonfly Capital. Matter Labs is well-known for its work on zkSync, an Ethereum scaling answer that radically decreases the expense of Ethereum exchanges.
Matter Labs additionally revealed the upcoming open-source MIT License and zkSync’s newest partnership with blockchain safety large, OpenZeppelin.
The simply concluded Collection C spherical brings the overall quantity of funding secured for the zkSync mission to $458 million. This features a separate $200 million dedicated to the ecosystem retailer, $50 million Collection B pushed by a16z, and $8 million in Collection A and Seed Spherical.
What is going to this Collection C funding be used for?
In line with Matter Labs, the simply secured Collection C funding will likely be used to;
- Launch first-party Matter Labs-built tasks on zkSync;
- Fund third-party ecosystem tasks constructed by different groups;
- Develop Matter College, our core training and tutorial heart, and
- Proceed to develop our group to make zkSync the #1 alternative for builders.
Matter Labs additionally reaffirmed the dedication to “absolutely open sourcing zkSync 2.0” at their subsequent milestone, Truthful Onboarding Alpha. This milestone lies on the core of their ethos collectively, as publicly releasing all of their code will give anyone domestically the chance to see, alter, and fork the code.
Along with this, the Matter Labs said “we imagine open-sourcing our expertise will supercharge the adoption of our ZK-rollup and cement its core innovation — the zero-knowledge prover — because the gold normal for the ecosystem. This would be the first time a general-purpose ZK-rollup has been absolutely open-sourced.”
ZkSync, in a bid to foster and strengthen its safety, has partnered OpenZeppelin, a wise contract auditing agency. Moreover, this partnership would be the starting of many safety partnerships. OpenZeppelin will likely be driving a full safety audit on ZkSync’s code as they prepare for the approaching Truthful Onboarding Alpha and Truthful Ship-off Alpha achievements on their public roadmap.