Blockchain scaling infra provider Lumoz raises token round at $120 million valuation
Summary
A HashKey Capital spokesperson confirmed the firms participation in the round.Lumoz began raising for the round this February and closed in March, co-founder Jeffrey Yang told The Block. As RaaS platforms, AltLayer and Lumoz help developers build application-specific rollups using modular tech stacks. Existing rollup projects such as Arbitrum, Optimism and ZKSync, on the other hand, can be seen as general-purpose rollups.Lumoz said its platform is compatible with most types of zk-rollups, including Polygon CDK, zkSync, Scroll and StarkNet.With fresh capital in hand, Lumoz plans to expand its current team of over 30 people by hiring in the engineering and business development functions, Yang said. The token generation event is expected in August, he said.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry.