BNB Chain Project Matrix Secures $8.5 Million in Series B Follow-On Investment

The BNB Chain's executive Rollup project Matrix has secured follow-on investment in its Series B round from Shima Capital and Delphi Ventures, bringing the total funding to $8.5 million. Previous participants in this round include ParaFi Capital, Tribe Capital, Point72 Ventures, CMT Digital, Lightspeed Faction, BITKRAFT Ventures, and Makers Fund. The funds will be used to advance the mainnet launch, build the ZK validity proof system, and progress the Stage 2 decentralization process. Matrix is built on the Facet technology stack, compatible with the BNB Chain PoSA consensus, featuring a decentralized sequencer and no admin privileges, with transaction order determined directly by the BNB Chain. The official statement claims that it can effectively increase the throughput of the BNB ecosystem by 3-5 times. Currently, the Matrix testnet Phase 1 has been launched.

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