ZkSync development company Matter Labs completed US $458 million financing

It is reported that the decentralized start-up platform Polkastarter said on social media that the TVL of zkSync, an Ethereum two-layer network based on ZK Rollup, has reached 65 million dollars, the development company of zkSync, Matter Labs, has completed a financing of 458 million dollars, and Blockchain Capital has led the investment of 200 million dollars. In addition, the zkSync public test network has been launched and there are rumors of air drop, but there is no zkSync token yet.

Interpretation of this information:

In the latest social media update from Polkastarter, a decentralized start-up platform, it has been reported that the TVL (Total Value Locked) of zkSync has exceeded $65 million. zkSync is an Ethereum two-layer network based on ZK Rollup technology that aims to significantly increase the speed and scalability of the blockchain. The developers of zkSync, Matter Labs, have also completed a financing round of $458 million, with Blockchain Capital leading the investment of $200 million. As a result of this successful fundraising, the long-awaited public test network for zkSync has been launched.

The ZK Rollup technology used by zkSync has the potential to change the game for blockchain scalability by allowing hundreds of thousands of transactions to be processed off-chain before being batched into a single transaction on the main chain. This approach is less resource-intensive and much faster than processing transactions directly on the main chain. zkSync is not the only project that is exploring the potential of ZK Rollups, but the success of its development and funding round shows that there is considerable interest in this approach.

The public test network launch is an important milestone for zkSync as it allows users to try out the technology themselves and provide valuable feedback to the developers. There are also rumors of an air drop in the works, which could create further excitement around the project. However, it should be noted that there is currently no zkSync token available, so any air drop would likely involve a different currency or asset.

The three keywords that summarize this message are: zkSync, ZK Rollup, and financing. The funding round for Matter Labs and the successful launch of its public test network demonstrate the potential strength and viability of this approach to blockchain scaling. As more projects like zkSync adopt ZK Rollup technology, it is possible that we will see a much more robust and scalable blockchain ecosystem emerge.