Ethereum Layer 2 developer Polymer Labs has completed a $23 million Series A funding round, led by Blockchain Capital and others

ChainCatcher news, reported by The Block, Ethereum Layer 2 developer Polymer Labs has completed a $23 million Series A funding round, led by Blockchain Capital, Maven 11, and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Money Group, North Island Ventures, and Figment Capital.

It is reported that Polymer Labs is building an "Ethereum Interoperability Hub," initially connecting Ethereum and its rollups, and then connecting all blockchains, with the goal of establishing the next generation of the internet.