NFT/Metaverse Resurgence and Funding Funds
Mar 11, 2022
• 8
Min Read
Venture Capital Deals
Espresso Systems is a new layer 1 blockchain protocol that uses Proof-of-Stake consensus with zero-knowledge rollups in order to maintain user privacy while also improving transaction speed and costs. The project raised $32 million in a seed round led by Greylock Partners and Electric Capital, with Sequoia Capital, Blockchain Capital, and Slow Ventures also participating in the round. Espresso’s differentiator is its smart contract application that allows developers to customize the level of privacy that they offer to users while also supporting wrapped ERC-20 token...