Odaily Planet Daily News EthStorage, the Ethereum two-layer network data storage solution project, completed a seed round of financing of 7 million US dollars at a valuation of 100 million US dollars. This round of financing was led by dao5, SevenX Ventures, Foresight Venture, DragonRoark, Cloud Nine Capital, Avant Blockchain Capital, Future Money Group, Gate Ventures, Vitalbridge, Galxe, GeekCartel, Rebase D. Ventures, W3.Hitchhiker and other angel investors Wait to vote.
EthStorage is a second-tier solution that provides programmable dynamic data storage based on Ethereum data availability technology. The team has received funding from the Ethereum Foundation Ecosystem Support Program (ESP) twice for data availability sampling. Research and Proof of Dynamic Data Storage in Layer 2 Networks.
EthStorage also won the first place in the Super Demo event of the Community Ethereum Development Conference (EDCON) held in Montenegro in 2023. All financing funds will be used to expand the team, support research, develop products, enhance the brand, and attract more ecosystem partners to use EthStorage.