Ethereum scaling project Scroll raises $30 million in Series A funding

Scroll has raised $30 million in Series A funding as the Ethereum scaling project plans to develop its network.

Sharing the news exclusively with The Block on Thursday, Scroll said Polychain Capital led the funding, with Bain Capital Crypto, Robot Ventures, Geometry DAO and others participating. Scroll co-founder Sandy Peng declined to comment on whether the funding was raised via an equity round or a simple agreement for future tokens sale.With fresh capital in hand, Scroll plans to increase its team size and launch a testnet.

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