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ZkRollup’s Second Tier Network Project, Intmax Development Company Ryodan Systems AG, Secured $4.88 Million in Seed Round Financing

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On April 13th, ZkRollup\’s second tier network project, Intmax development company Ryodan Systems AG, announced the completion of a seed round financing of approximately 650 million

ZkRollups Second Tier Network Project, Intmax Development Company Ryodan Systems AG, Secured $4.88 Million in Seed Round Financing

On April 13th, ZkRollup’s second tier network project, Intmax development company Ryodan Systems AG, announced the completion of a seed round financing of approximately 650 million yen (approximately $4.88 million), with angel investors including HashKey Capital, Scroll, Yusaku Maezawa’s MZ Web3 Fund and Alchemy Venture, as well as Ethereum cryptologist Justin Drake and former Coinbase Chief Technology Officer Balaji Srinivasan participating.

ZkRollup project Intmax completed approximately $4.88 million in seed round financing

The ZkRollup technology is a new solution that aims to increase the transaction speed and scalability of Ethereum. ZkRollup introduces a second tier network that works parallel to Ethereum, allowing it to process a larger amount of transactions at a faster rate. As part of this effort, the Intmax development company Ryodan Systems AG recently announced the completion of a seed round financing of approximately 650 million yen (approximately $4.88 million) on April 13th. The financing round included angel investors such as Scroll, Yusaku Maezawa’s MZ Web3 Fund, HashKey Capital, Alchemy Venture, and Ethereum cryptologist Justin Drake, as well as Balaji Srinivasan, the former Chief Technology Officer of Coinbase.

What is ZkRollup?

ZkRollup is a technology that allows for the aggregation of multiple transactions into a single transaction. This leads to a significant improvement in transaction processing speed and scalability, effectively solving the issue of network congestion that has plagued Ethereum for many years. ZkRollup works by creating a secondary network on top of Ethereum’s main network, where transactions are processed off-chain before being committed to the blockchain.

How Does ZkRollup Benefit Ethereum?

ZkRollup benefits Ethereum in a number of ways. Firstly, it solves the problem of network congestion by reducing the strain that is placed on Ethereum’s main network. With ZkRollup in place, Ethereum can process a larger number of transactions at a faster rate. Additionally, ZkRollup reduces the transaction fees that are required for Ethereum transactions, making the network more accessible to users.

What is Ryodan Systems AG?

Ryodan Systems AG is the development company behind the Intmax project, which is focused on the development of ZkRollup technology. The company was founded by a team of experienced professionals in the field of blockchain and aims to create innovative solutions that will revolutionize the way we engage with decentralized technologies. Ryodan Systems AG has been active in the blockchain space since 2016 and has been working on various projects related to decentralized technology ever since.

How Will This Seed Round Financing Help Ryodan Systems AG?

The seed round financing will allow Ryodan Systems AG to focus on the development of their ZkRollup project, and to accelerate its progress. With the additional capital raised from the seed round financing, the company will be able to increase its development team, hire additional talent, and allocate more resources toward research and development. This will help Ryodan Systems AG to stay ahead of the curve and continue to innovate in the fast-moving world of decentralized technology.

Who Are the Investors in Ryodan Systems AG’s Seed Round Financing?

Ryodan Systems AG’s seed round financing was led by a group of well-known angel investors in the blockchain space. These include Scroll, Yusaku Maezawa’s MZ Web3 Fund, HashKey Capital, Alchemy Venture, Ethereum cryptologist Justin Drake, and Balaji Srinivasan, the former Chief Technology Officer of Coinbase. The fact that such a prestigious group of investors has shown faith in Ryodan Systems AG’s ZkRollup technology is a clear sign that the project is likely to be successful in the long run.

Conclusion

The completion of a seed round financing of approximately 650 million yen (approximately $4.88 million) for Ryodan Systems AG’s ZkRollup project is a significant milestone for the development company. With the increased capital that the company has raised, they will be able to accelerate the development of their project, and bring it closer to market readiness. With the backing of several distinguished blockchain investors, it’s clear that there is a great deal of optimism for the future of ZkRollup technology.

FAQs

**1. What is ZkRollup?**
ZkRollup is a technology that allows for the aggregation of multiple transactions into a single transaction. This leads to a significant improvement in transaction processing speed and scalability, effectively solving the issue of network congestion that has plagued Ethereum for many years.
**2. Who are the investors in Ryodan Systems AG’s seed round financing?**
The seed round financing for Ryodan Systems AG’s ZkRollup project was led by a group of well-known angel investors in the blockchain space. These include Scroll, Yusaku Maezawa’s MZ Web3 Fund, HashKey Capital, Alchemy Venture, Ethereum cryptologist Justin Drake, and Balaji Srinivasan, the former Chief Technology Officer of Coinbase.
**3. How will Ryodan Systems AG use the funds raised in their seed round financing?**
The seed round financing will allow Ryodan Systems AG to focus on the development of their ZkRollup project, and to accelerate its progress. With the additional capital raised from the seed round financing, the company will be able to increase its development team, hire additional talent, and allocate more resources toward research and development.

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