O(1) Labs raises $15M to create a "succinct blockchain"

O(1) Labs the team behind the Coda protocol has raised a new round of financing from investors including Accomplice, Coinbase Ventures, Paradigm, and General Catalyst. O(1) Labs announced the Coda protocol in May 2018 and subsequently raised a $3.5 million seed round. Today, the team announced an additional $15 million in new funding to build out its zero knowledge proof-backed blockchain.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Pri