Optimism allocates $3 billion in OP tokens to its blockchain developers and projects 🔸The funding round was led by Andreessen Horowitz, a renowned venture capital firm. 🔸Optimism has successfully raised $70 million in Series B funding round in 2024.Notable participants included Paradigm, Three Arrows Capital, and Polychain Capital. 🔸Funds will be used to expand Optimism’s team and develop its Ethereum Layer 2 scaling solution. 🔸Optimism aims to reduce Ethereum's high transaction costs and improve its scalability. 🔸The company plans to launch its mainnet this year after a successful testnet phase. 🔸The Layer 2 solution could help Ethereum compete with other fast-growing blockchain networks. 🔸The funding signifies growing investor interest in blockchain scalability solutions.
