Ethereum expansion platform Versatus Labs received US$2.3 million in financing from investors including NGC Ventures, Republic Crypto, etc.

Odaily News Ethereum expansion platform Versatus Labs received US$2.3 million in financing from investors including NGC Ventures, Republic Crypto and Hyperithm. There is no leading investor in this round of financing, and it is an equity plus token guarantee round. It is reported that this seed round of financing brings Versatus’ total financing to US$3.7 million, after completing a US$1.4 million Pre-seed round of financing in February at a valuation of US$20 million. At the time, Versatus was developing a Layer 1 blockchain network, but has now pivoted to a blockchain scaling platform due to a “lack of demand” for another Layer 1 solution. (The Block)