Layer2 solution Milkomeda completes $3.1 million financing, led by Archetype

ChainCatcher news: Milkomeda, a layer 2 network protocol that provides EVM functionality for non-EVM compatible chains, has completed a $3.1 million financing round led by Archetype, with participation from Sora Ventures, Algorand Foundation, Arrington Capital, SOSV, Circle Ventures, Borderless Capital, and Coinbase Ventures.

It is reported that Milkomeda has currently deployed EVM-compatible layer 2 networks for Cardano and Algorand.