Cryptocurrency company Matter Labs, which developed the second layer solution for the Ethereum network zkSync, announced that it has received funding of $200 million.
The main investors were companies such as Blockchain Capital and Dragonfly, as well as LightSpeed Venture Partners and Andreessen Horowitz. In total, Matter Labs raised $458 million across all funding rounds.
The company announced that the zkSync code will be released under the MIT Open Source license at the end of the third quarter of the year. This means that the code will become open to developers – they will be able to view, change it, making independent projects.
The first phase of zkSync was launched at the end of October, but now more than 150 projects have declared that they want to join the main zkSync network. The partners of the company are such companies as Uniswap, SushiSwap, Chainlink, 1inch and others. According to Matter Labs Product Director Steve Newcomb, open source could make the protocol a layer-two industry standard.
Newcomb stated that one of the main goals of the company is to prevent centralized censorship in the cryptocurrency industry. Matter Labs approach to this question is quite simple:
“Everything but open source is centralized code censorship.”
The company previously announced that it was preparing to launch a prototype of Pathfinder, a layer-3 solution for scaling the Ethereum network. A test launch is scheduled for early 2023.
Source: Bits
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