“Espresso Systems secures million in new funding led by A16z Crypto”

“Espresso Systems secures million in new funding led by A16z Crypto”
“Espresso Systems secures million in new funding led by A16z Crypto”

Polygon Labs, a layer 2 company, has joined the investment cycle, as confirmed by a spokesperson from Espresso via email to CoinDesk. According to a screenshot shared by the Espresso team on Twitter, other investors include layer 2 developers StarkWare and Taiko. Offchain Labs, the leading developer behind ARBITRUM, the largest layer 2 network, has also shown support for Espresso, as reported in an article on X by CEO Steven Goldfeder. This collaboration highlights the growing interest and investment in layer 2 solutions within the cryptocurrency space. With key players like Polygon Labs and Offchain Labs backing Espresso, the future looks promising for the development and adoption of layer 2 technologies.