Series C Round Led by Blockchain Capital and Dragonfly Capital
We’re thrilled to share that zkSync has secured $200 million in Series C funding, co-led by Blockchain Capital and Dragonfly Capital, with participation from Lightspeed, Variant, and a16z. This milestone underscores our commitment to advancing zero-knowledge (ZK) technology and scaling Ethereum’s ecosystem.
Alongside this funding, we’re proud to:
- Transition to an open-source MIT License for zkSync 2.0.
- Partner with OpenZeppelin for comprehensive security audits.
How the Funds Will Be Used
With **$458 million** raised to date (including a $200M ecosystem fund), this investment will drive:
- First-Party Projects: Launch Matter Labs-built initiatives on zkSync.
- Ecosystem Growth: Fund third-party teams developing on zkSync.
- Education: Expand Matter University to onboard developers.
- Team Expansion: Hire top talent to solidify zkSync as the premier L2 solution.
👉 Explore zkSync’s developer resources
Why Open Source Matters
At Fair Onboarding Alpha, we’ll open source zkSync 2.0—marking the first fully open-source general-purpose ZK-rollup. This aligns with our belief that:
"Open source is freedom—censoring code stifles innovation."
Key benefits:
- Transparency: Community can audit, modify, and fork the code.
- Adoption: Accelerates ZK-rollup integration as the ecosystem standard.
Read more in Open Source Is Freedom by our CPO, Steve Newcomb.
Strategic Security Partnership with OpenZeppelin
Security is non-negotiable. Our collaboration with OpenZeppelin ensures:
- Full code audits before Fair Onboarding Alpha and Fair Launch Alpha.
- A principled approach to milestones (view roadmap).
Join the zkSync Ecosystem
Over 150 projects—including Chainlink, Aave, and Uniswap—are deploying on zkSync 2.0, making it the largest L2 launch to date.
Get involved:
- Register to deploy your project.
- Engage on Twitter or Discord.
- Check out job openings.
👉 Discover why zkSync leads in ZK-rollup innovation
FAQs
Q: What’s unique about zkSync’s funding approach?
A: Funds are allocated to both first-party projects and third-party ecosystem growth, ensuring decentralized innovation.
Q: When will zkSync 2.0 be open sourced?
A: At Fair Onboarding Alpha, the next milestone on our public roadmap.
Q: How does OpenZeppelin’s partnership enhance security?
A: Their audits ensure code integrity before major releases, prioritizing user safety.
Editor’s Note: zkSync 2.0 was renamed to zkSync Era in February 2023.
### Keywords:
1. **zkSync**
2. **Series C funding**
3. **OpenZeppelin**
4. **ZK-rollup**
5. **Ethereum scaling**
6. **Open source**
7. **Layer 2**
8. **Blockchain Capital**
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