EthStorage reaches $100 million valuation in seed token round

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EthStorage reaches $100 million valuation in seed token round
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EthStorage, a crypto startup that aims to scale Ethereum storage via a Layer 2 network, has reached a $100 million valuation in a seed round.

The round brings EthStorage’s valuation to $100 million.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.EthStorage, a crypto startup that aims to scale Ethereum storage via a Layer 2 network, reached a $100 million valuation in its seed funding round.in a tweet Thursday. Other investors in the round included SevenX Ventures, Foresight Ventures, Sky9 Capital, Gate Ventures and Galxe.

The funding round was structured as a simple agreement for future tokens , Kevin Yang, managing partner at Gate Ventures, told The Block. EthStorage did not immediately respond to a request for comment., who is also the founder of blockchain infrastructure startup QuarkChain, which he founded in 2018 after working for companies like Google and Meta.

in a blog post today."Its goal is to achieve Petabytes of storage capacity with storage costs reduced by a factor of 1/1000."

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