“Espresso Systems secures million in new funding led by A16z Crypto”

Polygon Labs, a layer 2 company, has joined the investment cycle, as confirmed by a spokesperson from Espresso via email to CoinDesk. According to a screenshot shared by the Espresso team on Twitter, other investors include layer 2 developers StarkWare and Taiko. Offchain Labs, the leading developer behind ARBITRUM, the largest layer 2 network, has also shown support for Espresso, as reported in an article on X by CEO Steven Goldfeder. This collaboration highlights the growing interest and investment in layer 2 solutions within the cryptocurrency space. With key players like Polygon Labs and Offchain Labs backing Espresso, the future looks promising for the development and adoption of layer 2 technologies.