Rise Raises $3.2 Million to Advance Scaling Solution GigaGas
CryptoNewsTerminal Staff16 Sep, 2024
Rise Raises $3.2 Million to Advance Scaling Solution GigaGas
Layer-2 project Rise has secured $3.2 million in a seed funding round led by Finality Capital. Other notable participants included OrangeDAO, DACM, EtherFi Ventures, P2P Ventures, MH Ventures, and Public Works. Rise is developing GigaGas, a scaling solution for the Ethereum blockchain. The project has also attracted support from renowned angel investors such as Ethereum co-founder Vitalik Buterin, Aave founder Stani Kulechov, and EthHub co-founder Anthony Sassano. This investment will further the development and implementation of GigaGas, enhancing the scalability and efficiency of the Ethereum ecosystem.
