Key Takeaways
- Espresso Systems is a blockchain infrastructure company focused on enhancing privacy and scalability for Web3 applications, developing solutions like a confirmation layer for fast, reliable transactions and data availability (DA) layers for various chains.
- Espresso has raised a total of $60 million, with a seed round led by Sequoia, Electric Capital, Greylock, Coinbase Ventures, Polychain, and Blockchain Capital, followed by a Series B round led by a16z, which included a $28 million investment.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is Espresso Systems?
Espresso Systems is a blockchain technology company that develops a shared sequencing marketplace to enhance interoperability and decentralization for Layer-2 rollups on blockchains like Ethereum.
Notably, the project provides tools and protocols to help different blockchain chains work together as a unified system, enabling features like fast, reliable confirmations and interoperability.
The company has raised over $60 million in total funding, with significant rounds including a $2 million seed in 2020, a $30 million Series A in 2022 led by Greylock Partners and Electric Capital, and a $28 million Series B in 2024 led by Andreessen Horowitz’s a16z Crypto, with participation from investors like Polygon Labs and StarkWare.
How To Qualify For An Airdrop?
To join:
👉 STEP 1: Head over to https://yaps.kaito.ai/ and connect your Twitter/X to Kaito.
👉 STEP 2: Make a post about Espresso on Twitter/X and mention @EspressoSys in your post.
This way, you can earn Kaito points and potentially become eligible for Espresso as well.
👉 STEP 3: Head over to https://app.layer3.xyz/campaigns/brewing-the-future and complete all tasks.
👉 STEP 4: Keep an eye on official announcements and hope for the best!
Final Thoughts
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