TechFlow news: Ethereum scaling startup Versatus Labs (formerly VRRB Labs) has announced a $2.3 million seed round at a $50 million valuation, with participation from NGC Ventures, Republic Crypto, and Hyperithm. The startup, which previously worked on building a Layer 1 network, has now pivoted to blockchain scaling.
The company had previously raised $1.4 million in a seed round in February of this year, bringing its total funding to $3.7 million. Versatus is currently building a stateless rollup called LASR. LASR is currently in Alpha phase and is expected to launch on the Ethereum testnet during the first week of January next year, with plans to go live on mainnet by mid-March.
Add to Favorites
Share to Social Media
