BlockBeats news, on June 8, according to The Block, Taiko, the Ethereum Layer 2 network based on zkRollup, announced that it has completed the first round of seed financing of US$10 million, led by HongShan, and completed the second round of seed financing of US$12 million in Q3 2022. The round of financing was led by Generative Ventures, with participation from IOSG Ventures, GSR, GGV Capital, POAP founder Patricio Worthalter, and Ethereum Foundation members Tim Beiko and Anthony Sassano. Taiko did not disclose its valuation.