TechFlow News — Taiko, an Ethereum Layer 2 network based on zkRollup, has announced the completion of a $15 million Series A funding round led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, with participation from Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, and WW Ventures.
The network has launched six testnets to date and amassed over 1.1 million unique wallets. Taiko plans to introduce new technology to address liquidity fragmentation and will launch its second developer incentive program in December 2023. Additionally, Taiko has committed to allocating 1% of its token supply to Protocol Guild, a core development group supporting Ethereum.
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