Essential’s Ethereum L2 Solution Raises $11M in Series A Led by Archetype

Intent-focused Ethereum Layer 2 solution, Essential, has successfully secured $11 million in a Series A funding round. The funding was led by Archetype and saw participation from notable investors including IOSG Ventures, The Spartan Group, and Amber Group, among others. This substantial investment is a clear indicator of the market's confidence in Essential's innovative approach to enhancing the Ethereum ecosystem. With this funding, Essential is poised to accelerate its development and deliver even greater value to cryptocurrency users seeking efficient and scalable solutions on the Ethereum blockchain.