Ithaca, a crypto infrastructure company, received a $20M investment from Paradigm.
Built by Paradigm’s CTO and General Partner, Georgios Konstantopoulos, and fewer than 20 engineers who’ve helped build projects like Reth, Ithaca will accelerate crypto development by contributing to and maintaining open-source projects starting with the release of Odyssey, a Layer 2 built on Reth for performance and stability (following the OP Stack standard).
Konstantopoulos is now also CEO of Ithaca. Matt Huang, Co-Founder & Managing Partner, of Paradigm, will be joining as Chairman.
The company intends to use the funds to expand operations and its development efforts.
FinSMEs
15/10/2024