New York based Ethereum scaling startup raised $150m in Series B funding led by Paradigm and a16z.
“We made a commitment to the public that we would not take profit from operating centralized parts of the system, so we wanted to remove the financial incentive for ourselves to remain centralized,” Optimism CEO Jinglan Wang tells TechCrunch in an interview. “While we are making revenue, we’re giving all of that revenue back toward funding public goods on Ethereum … We don’t just want to say that we want to be decentralized, we also want to show the community that we’re setting up our own incentives to be compatible with that.”