Versatus Reaches a $50M Market Cap

Reading Time: < 1 minute

Blockchain scaling startup Versatus Labs, initially focused on Ethereum, secured $2.3 million in a seed funding round, reaching a $50 million valuation. Investors, including NGC Ventures, Republic Crypto, and Hyperithm, participated in the equity plus token warrant round.

The funding, closed in August, brings Versatus’s total to $3.7 million.

Formerly VRRB Labs, Versatus transitioned from a Layer 1 blockchain network to a scaling platform, citing “lack of market demand” for an alternative Layer 1.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!