Espresso Systems Raises $28M to Pioneer Shared Sequencing Marketplace

The Series B funding, led by a16z crypto, will fuel the development of a decentralized platform enhancing blockchain scalability and interoperability.

• Espresso Systems secures $28 million in Series B funding led by venture capital firm a16z crypto, aiming to enhance blockchain scaling and privacy through shared sequencing.
• The funding will support further product development, investments in the rollup ecosystem, and the expansion of the Espresso Systems team.
• Espresso's shared sequencer network, a chain-agnostic distributed consensus system, addresses centralization concerns by allowing multiple rollups to use a single sequencer.
• The technology has been integrated with popular scaling solutions like Optimism, Polygon zkEVM, and Arbitrum, with a fifth testnet, Cappuccino, expected to launch in April.
• Espresso plans to evolve into a decentralized marketplace for shared sequencing, offering a platform where rollups can auction sequencing timeslots, enhancing interoperability and sovereignty.

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