Scroll Raises $30 Million From Polychain Capital

Published on: 22.04.2022

Scroll, an Ethereum scaling project that uses zk-roll-up technology, has raised $30 million in a Series A funding round as it plans to launch a testnet.

Scroll said Polychain Capital led the funding, with Bain Capital Crypto, Robot Ventures, Geometry DAO, and others participating.

With fresh capital in hand, Scroll plans to increase its team size and launch a testnet.

Their goal is to make interacting with Layer 2 as easy as interacting with Layer 1 Ethereum for both developers and end-users. Because Scroll is fully EVM-equivalent, the experience will be exactly the same, with significantly reduced gas fees and increased throughput.

Scroll is building a zkEVM to trustlessly prove the valid execution of smart contract code. Unlike other zkVMs, it achieves bytecode-level compatibility with Ethereum, meaning all EVM opcodes behave the same as on the base layer.

This means developers can expect their code to behave the same on Scroll and ordinary Ethereum, allowing seamless migration. It also enables integration with existing Ethereum infrastructure without any modifications.

In addition to the zkEVM-based execution layer, they will build a robust outsourcing mechanism to enable a decentralized network of Rollers to generate ZKPs. They aim to allow anyone to participate in our open proving network.