Layer2 Protocol Milkomeda Closes $3.1 Million Funding Round with Coinbase Ventures Involved

Layer2 protocol Milkomeda closes $3.1 million funding round led by Archetype, with participation from Coinbase Ventures, Sora Ventures, Algorand Foundation, Arrington Capital, SOSV, Circle Ventures, and others.

Milkomeda, which provides EVM capabilities for non-EVM-compatible chains, has already deployed EVM-compatible Layer2 networks for Cardano and Algorand.