Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto
Summary
Espresso, a blockchain specialist, raised $28 million in a series B round led by a16z Crypto. The funding will be used to develop products, invest in the rollup ecosystem, and expand the team. The company's shared sequencer aims to address centralization concerns in layer-2 blockchains. Espresso is also creating a marketplace for shared sequencing and is currently on its fifth testnet iteration, with plans to launch the mainnet later this year.
