Optimism saves users $1B in fees, raises $150M in Series B By Cointelegraph

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Popular scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion.

According to a blog post from Optimism, the layer 2 (L2) solution has saved users of the Ethereum network over $1 billion in gas fees. The funding will be used to expand the Optimism team and go toward working on reducing network fees even further.

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