Matter Labs, the development team behind Ethereum layer 2 scaling solution zkSync, has announced it has raised a fresh $200 million in Series C funding round.
The company’s third funding round was led by crypto venture capital firms Blockchain Capital and Dragonfly Capital. The latest round brings Matter Labs’ total funding to $458 million. This includes $8 million raised in Series A and Seed Round, $50 million in Series B round, and a separate $200 million fund dedicated to the ecosystem.
Matter Labs said that it’s going to use the newly raised amounts to fund and launch its own and other teams’ projects on zkSync, develop education-focused Matter University, and hire new employees.
The team also said that it has reserved two-thirds of its “potential future token” to the ecosystem. Additionally, Matter Labs has confirmed in the past that zkSync will have a token, sparking airdrop rumors among community members.
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