BNB Chain Project Matrix Completes $7.5 Million Series B Financing

The BNB Chain execution-oriented Rollup project Matrix has completed a $7.5 million Series B financing round, with investors including ParaFi Capital, Tribe Capital, Point72 Ventures, CMT Digital, Lightspeed Faction, BITKRAFT Ventures, and Makers Fund. The funds from this round will primarily be used to advance the mainnet launch, build the ZK validity proof system, and progress the Stage 2 decentralization process. Matrix is built on the Facet technology stack and is adapted to the BNB Chain PoSA consensus, utilizing a decentralized sorter and no administrator privileges, with the transaction order determined directly by the BNB Chain. The official claim is that this can effectively increase the throughput of the BNB ecosystem by 3-5 times. Currently, the Matrix testnet Phase 1 has been launched on October 3.

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