EthStorage has raised $7M in a Seed funding round at a $100M valuation.

Ethereum storage scalability startup EthStorage secured $7M in a seed funding round at a $100M valuation led by dao5. Other investors include SevenX Ventures, Foresight Ventures, Sky9 Capital, Gate Ventures and Galxe. Currently under development, EthStorage is a L2 storage rollup built on top of Ethereum, paving the way for an innovative, cost-effective, and dynamic storage solution. It is founded last year by Qi Zhou, who is also the founder of QuarkChain.