Scroll, an Ethereum scaling project using ZK-Rollups technology, has raised $30 million. The Block reports.
The Series A round for the startup was led by Polychain Capital with participation from Bain Capital Crypto, Robot Ventures, Geometry DAO, and other investors, as well as several angel investors.
The funds will be used to expand the team, which currently numbers 20 people, and to launch a test network. The latter is expected in the second half of 2022.
Regarding how the developed solution differs from other L2 scaling protocols, Scroll co-founder Sandy Pan noted:
“We are equivalent to or native EVM, according to the Ethereum Foundation.”
According to her, this means developers can copy the intermediate code of a smart contract from Ethereum and deploy it on Scroll without changes.
She pledged to reveal details of the startup’s technology in the coming months.
In February, the Matter Labs team deployed a ZK-Rollup-based solution on the Ethereum testnet as the first EVM-compatible L2 protocol.
As noted, Vitalik Buterin designated the ZK-Rollups technology as a central element for scaling Ethereum.