Fuel Labs raises $80M.
Fuel Labs raised $80M in a round led by Blockchain Capital and Stratos Technologies with participation from Alameda Research, CoinFund, Bain Capital Crypto, TRGC, Maven 11 Capital, Blockwall, Spartan, Dialectic and ZMT. The startup aims to provide a modular execution layer with superior speeds to industry standards. Fuel Labs previously raised $1.5M in September of...
Arbitrum One upgrades to Nitro.
Layer 2 scaling solution Arbitrum has migrated its current chain to Arbitrum Nitro. The upgrade increases network speeds and reduces transaction costs through call data compression. Arbitrum Nova, a separate chain focused on social and gaming, went live in August and is built on the Nitro stack.