TAIKO, an Ethereum Layer 2 network based on ZKRollup, has announced the completion of a $15 million Series A financing round. The round was 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, WW VENTURES, and others. TAIKO has already released six testnets and has over 1.1 million independent wallets. They plan to introduce new technology to address liquidity fragmentation issues and launch the second phase of their developer incentive program in December 2023. Additionally, TAIKO has committed to allocating 1% of its token supply to the Ethereum core development organization, PROTOCOL GUILD.

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<p>Shenzhen-based TechFlow has announced that its Ethereum Layer 2 network, Taiko, which is based on zkRollup, has completed a $15 million Series A funding round. The round was 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, WW Ventures, and others.</p>
<p>Taiko has already launched six testnets and has over 1.1 million unique wallets. The network plans to introduce new technology to address liquidity fragmentation and will launch the second phase of its developer incentive program in December 2023. Additionally, Taiko has committed to allocating 1% of its token supply to the Ethereum core development organization, Protocol Guild.</p>
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TAIKO completes a Series A financing round of 15 million USD, led by HASHED and others.