According to official news, BNB Chain's execution layer Rollup project Matrix has completed a $7.5 million Series B funding round, with participation from ParaFi Capital, Tribe Capital, Point72 Ventures, CMT Digital, Lightspeed Faction, BITKRAFT Ventures, and Makers Fund. The funds will primarily be used to advance the mainnet launch, build a ZK validity proof system, and progress the Stage 2 decentralization process. Matrix is built on the Facet technology stack and is compatible with the BNB Chain PoSA consensus, featuring no centralized sequencer and no administrative privileges, with transaction order determined directly by the BNB Chain. The official statement claims that this can effectively increase the throughput of the BNB ecosystem by 3-5 times. Currently, Matrix's testnet Phase 1 was launched on October 3.
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BNB Chain's Matrix Secures $7.5 Million in Series B Funding with Participation from ParaFi Capital and Point72 Ventures
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