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Versatus Labs, a blockchain scaling startup currently focused on Ethereum (ETH), has secured an additional $2.3 million in funding toward the launch of the world’s first stateless rollup, bringing its value to $50 million. This latest funding round included contributions from NGC Ventures and Republic Crypto, two significant players in the blockchain technology sector. Introducing Versatus LASR: A Game-Changer in Blockchain Technology. 1/ We are thrilled to announce our $2.3 million seed round to launch the world's first Stateless Rollup on Ethereum! Thank you to @NGC_Ventures @RepublicCrypto @hyperithm @MH_Ventures https://t.co/9CNNHwGhDp pic.twitter.com/HMzHFBrQpS — Versatus (@VersatusLabs) December 6, 2023 The company’s total funding now stands at $3.7 million, with investments from a variety of sources, including Jump Crypto, BigBrain Holdings, Taureon Group, Hyperithm, NGC Ventures, and Republic Crypto. This funding is primarily directed towards the...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. New York, United States, 10th January, 2023, Chainwire The program aims to help Web3’s rising stars boost their media presence, community growth and brand awareness in exchange for project tokens. The Web3 space is growing rapidly and new startup s are emerging daily, with investment into Web3 projects skyrocketing to $30 billion in 2021 and around $36 billion in 2022. While many Web3 founders have great ideas and a strong value proposition to bring to the space, this is a challenging field riddled with competition and a lack of trust from the broader audience. Founded in 2013, Cointelegraph has grown to become a world leader in the digital assets, metaverse and emerging technologies media space, with over 20 million readers worldwide.  The company is now looking to help other rising stars reach their full poten...