Andreessen Horowitz (a16z) is leading a major investment in Optimism, a technology firm trying to get Ethereum ready for the big leagues.
“We’ve spent a great deal of time looking at various approaches and teams building Layer 2s, and today we’re thrilled to announce we are leading a $25 million Series A investment in Optimism,” a16z’s Chris Dixon and Arianna Simpson wrote Wednesday. “Optimism’s exceptional team, carefully designed developer experience, major scaling benefits, years of research and testing, and full composability made it the obvious choice.”
Optimism is among a small cohort of firms looking to boost Ethereum’s famously choked throughput.
Earlier today, decentralized finance (DeFi) venue dYdX announced it was building on StarkWare’s ZK-Rollups, a competing solution for boosting the number of transactions a blockchain can handle.
This is a developing story and will be updated.
