OP Labs
Optimism is a Layer 2 blockchain, designed and built by Ethereum developers. It aims to enhance the speed, stability, and scalability of Ethereum-based applications. The platform is constructed as a minimal extension of the existing Ethereum software, making it compatible with the Ethereum Virtual Machine (EVM) architecture. \n\nThe prime advantage of Optimism is that it allows developers to scale their Ethereum applications efficiently and predictably. This means applications that function on Ethereum can also operate on Optimism. Furthermore, using Optimism reduces the cost of operations significantly compared to Ethereum, providing a more cost-effective solution for developers.
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Key Info
- 2019 Founded
- 178.50M Total Funding Raised
- United States
- 13 Employees
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Credibility
Market Verified
Github Verified
LinkedIn Verified
News
- Optimism’s million-dollar OP sale sparks backlash: Impact on price?
Mar 9, 2024 • powered by CryptoPanic
- Altcoins nearing all-time highs in February: KAS, Optimism in focus
Feb 16, 2024 • powered by CryptoPanic
- Why Optimism’s growth has Worldcoin, Farcaster written all over it
Feb 12, 2024 • powered by CryptoPanic
- Why Treasure Is Building ‘Infinity Chains’ on Arbitrum to Power Ethereum Games
Feb 9, 2024 • powered by CryptoPanic
- Daily active users on Farcaster surge to all-time high, driven by Frames launch
Feb 5, 2024 • powered by CryptoPanic
- Optimism gears up for Ethereum Dencun upgrade with these steps
Jan 26, 2024 • powered by CryptoPanic
- Arbitrum and Optimism tokens trade near all-time high price levels
Jan 2, 2024 • powered by CryptoPanic
- Optimism Price Up By 34% Today – But Investors Should Watch Out For This Sell Signal
Dec 23, 2023 • powered by CryptoPanic
- Bitcoin Advocate: Morgan Creek Capital CEO Provides Key Insights On Growth
Dec 12, 2023 • powered by CryptoPanic
Activity Timeline
- Raisedfrom undisclosed investor.$89.00M
Mar 08, 2024
Mar 17, 2022
- Raisedfrom .$25.00M
Feb 24, 2021
Jan 15, 2020
Team
Investments
Round | Amount Raised | Date | Investors |
---|---|---|---|
Venture Round | Raised $89,000,000 | Mar 08, 2024 | |
Series B | Raised $150,000,000 | Mar 17, 2022 | |
Series A | Raised $25,000,000 | Feb 24, 2021 | |
Seed | Raised $3,500,000 | Jan 15, 2020 |