Odaily News: EthStorage, a second-layer network data storage solution project based on Ethereum, has completed a $7 million seed round financing with a valuation of $100 million. The round was led by dao5, with participation from SevenX Ventures, Foresight Venture, DragonRoark, Yunjiu Capital, Avant Blockchain Capital, Future Money Group, Gate Ventures, Vitalbridge, Galxe, GeekCartel, Rebase D. Ventures, W3.Hitchhiker, and other angel investors.



EthStorage provides a programmable and dynamic data storage solution based on Ethereum's data availability technology. The team has received funding from the Ethereum Foundation's Ecosystem Support Program (ESP) twice, which was used for research on data availability sampling and 2-layer network dynamic data storage proofs.



In addition, EthStorage won first place in the Super Demo event at the EDCON (Ethereum Community Development Conference) held in Montenegro in 2023. The raised funds will be used to expand the team, support research, develop products, enhance the brand, and attract more ecosystem partners to use EthStorage.